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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 dip of 0.9 percent in value from July to September for the average attached unit in Metro Vancouver. Last month compared to the previous September the benchmark townhouse price is up 5.2 percent. Year to year the volume of townhome sales is 73 percent higher.


Last month compared to September 2019 Vancouver east townhouse prices are up 8.8 percent. Year to year attached unit sales are indeed higher, up exactly 100 percent. Inventory rises 28 percent this September versus the previous September.


August to September east side attached sales increase 32.1 percent. Month to month attached inventory is up 16.1 percent.