highlights • Sustained demand and constrained supply resulted in prices continuing their upward trend in both the Greater Vancouver and Fraser Valley board areas in January 2021. • The median sales price for detached homes in the Greater Vancouver board area was 14% higher versus last year while townhome and condo prices were up 5% and 3%, respectively. In the Fraser Valley board area, median sales prices were up by double-digits across all home types: 26% for detached, 12% for townhomes, and 11% for condos. • Compared to last month, the median sales price increased by 0.8% for detached homes and 2% for condos in the Greater Vancouver board area while falling 3% for townhomes. In the Fraser Valley board area, median sales prices increased 8% for detached homes (the largest month-over-month increase on record) while rising 4% for townhomes and 2% for condos.
THE RENNIE ADVANCE median prices
JANUARY 2021
$2,000,000
vs Jan 2020 14%
January Greater Vancouver Fraser Valley
$1.51 M
$1,600,000
$1,200,000
$1.22 M
$800,000
DETACHED median sales price
vs Jan 2020 26%
$400,000
$0
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
$1,200,000
vs Jan 2020 5%
January Greater Vancouver Fraser Valley
$1,000,000
$790,434
$800,000
$600,000
$640,000
$400,000
TOWNHOME median sales price
vs Jan 2020 12%
$200,000
$0
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
$1,000,000
vs Jan 2020 3%
January Greater Vancouver Fraser Valley
$800,000
$598,400
$600,000
$400,000
$415,000
CONDO median sales price
$200,000
vs Jan 2020 11%
$0
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of February 2, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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