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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 shows a boost of 4.3 percent from August to September in the average price for Metro Vancouver detached properties. The benchmark price for detached homes last month is 7.8 percent higher than September 2019. The volume of house sales rises 76.8 percent year to year.


East side house prices year over year are up 9.2 percent. Last month versus September 2019 Vancouver east detached sales are boosted 56.9 percent. September to September inventory jumps 68.4 percent.


From August to September east side house sales rise 44.9 percent. Month to month east side inventory is 10.2 percent higher.