highlights • Following a record September sales count, October 2020 registered over 5,900 sales across the Vancouver Region. As was the case when the September data were released, October’s sales count was the highest in any month since June 2017 and the highest for any October since at least 1980. • Compared to October 2019, last month’s sales were higher by 36%. The increase for condos was 15%, while detached home sales were up 51% and townhome sales were 50% higher. • October’s sales count was 52% above the past-decade October average, with detached up 48%, townhomes up 82%, and condos up 41%.
THE RENNIE ADVANCE
sales
OCTOBER
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
October
vs Oct 2019 51%
10yr Oct Avg 1,647 vs 10yr Oct avg 48%
2,433
DETACHED sales
0 500
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
1,000 1,200 1,400
vs Oct 2019 50%
October
1,291
vs 10yr Oct Avg 82%
0 200 400 600 800
10yr Oct Avg 709
TOWNHOME sales
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
3,000
vs Oct 2019 15%
October
2,500
vs 10yr Oct Avg 41%
2,073
2,000
10yr Oct Avg 1,471
1,500
1,000
CONDO sales
500
0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Copyright © 2020 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 November 2, 2020. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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