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Blog by Don Kennedy

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Attached please find the latest statistics from the Real Estate Board of Greater Vancouver.


The News Release marvels at last month having the highest sales average ever for September, likely due to low interest rates and pandemic driven preference changes. Upward pressure on prices is the result. September 2020 compared to the preceding September sees the composite value of all properties up 5.8 percent. September to September residential detached, attached and apartment sales increase 56.2 percent. New listings year to year are up 31.6 percent yet the total inventory of listed properties is down by 2.6 percent.


The graph displays a 0.7 percent increase from August to September for the average Metro Vancouver condominium sale price. September 2020 compared to the previous September the overall benchmark price for an apartment is 4.5 percent higher. Year to year condo sales volume is up by 36.9 percent.


Vancouver east apartment prices last month versus the previous September are up by 6 percent. September to September east side apartment sales increase by 34 percent. Year to year east side condo inventory is 33.8 percent higher.


From August to September east side apartment sales rise 27.1 percent. Month to month inventory is 14.6 percent greater.