Here are the latest real estate market statistics from Macdonald Realty on the Greater Vancouver listings and sales in September 2020.
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According to the Real Estate Board of Greater Vancouver, home sale and new listing activity reached record levels in Metro Vancouver in September.
“We’ve seen robust home sale and listing activity across Metro Vancouver throughout the summer months,” Colette Gerber, REBGV Chair said. “This increased activity can be attributed, in part, to lower interest rates and changing housing needs during the COVID-19 pandemic.”
Colette also has talked about the pressure on home prices:
“While the pace of new MLS® listings entering the market is increasing, the heightened demand from home buyers is keeping overall supply levels down,” Gerber said. “This is creating upward pressure on home prices, which have been edging up since the spring.”
Coquitlam
In September 2020, there were 127 sales of detached homes and 339 active listings in Coquitlam, BC. The benchmark sale price was $1,240,900.
The condo market had 109 sales and 380 active listings at the end of the month. The benchmark sale price was $531,700.
The townhome market had 62 sales and, the active listings were 129. The benchmark sale price was $696,300.
It’s a Seller’s Market in Coquitlam.
Port Coquitlam
In September 2020, there were 45 sales of detached homes and 82 active listings in Port Coquitlam, BC. The benchmark sale price was $1,017,900.
The condo market had 38 sales and 115 active listings at the end of the month. The benchmark sale price was $470,200.
The townhome market had 29 sales and, the active listings were 48. The benchmark sale price was $661,200.
It’s a Seller’s Market in Port Coquitlam.
Bowen Island
Burnaby East
Burnaby North
Burnaby South
Ladner
Maple Ridge
New Westminster
North Vancouver
Pitt Meadows
Port Moody
Richmond
Tsawwassen
Vancouver East
Vancouver West
West Vancouver
Looking for more information about the real estate market in specific neighbourhoods in the Greater Vancouver?
Macdonald Realty has offices across the Greater Vancouver. Please email [email protected] or call 1-877-278-3888 to be matched with a REALTOR® working in your area.
MLS® Home Price Index (HPI) Benchmark Price
Average and median home prices are often misinterpreted, are affected by change in the mix of homes sold, and can swing dramatically from month to month (based on the types and prices of properties that sold in a given month). The MLS® HPI overcomes these shortcomings and uses the concept of a benchmark home, a notional home with common attributes of typical homes in a defined area. Visit www.housepriceindex.ca for more information.
This blog post is based on market data provided by the Real Estate Board of Greater Vancouver (REBGV) www.rebgv.org
