highlights • Compared to one year ago, median sales prices were higher across all home types in both the Greater Vancouver and Fraser Valley board areas in October. • Median sales prices for detached homes in the Greater Vancouver board area rose 10% versus October 2019, followed by 6% for townhomes and 1.6% for condos. In the Fraser Valley board area, median sales prices for detached homes rose by 15%, followed by 5% for townhomes, and 8% for condos. • In the Greater Vancouver board area, October’s median sales prices were lower for detached homes and condos versus September (by 0.1% and 3%, respectively) but higher for townhomes (by 5%). In the Fraser Valley board area, median sales prices increased across all home types between September and October: detached by 0.9%, townhome by 1.1%, and condos by 0.6%.
THE RENNIE ADVANCE median prices
OCTOBER
$2,000,000
vs Oct 2019 10%
October
$1,600,000
$1.43 M
Greater Vancouver Fraser Valley
$1,200,000
$1.06 M
$800,000
DETACHED median sales price
vs Oct 2019 15%
$400,000
$0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
$1,200,000
vs Oct 2019 6%
October Greater Vancouver Fraser Valley
$1,000,000
$815,000
$800,000
$600,000
$600,000
$400,000
TOWNHOME median sales price
vs Oct 2019 5%
$200,000
$0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
$1,000,000
vs Oct 2019 1.6%
October
$800,000
Greater Vancouver Fraser Valley
$589,000
$600,000
$400,000
$393,225
CONDO median sales price
$200,000
vs Oct 2019 8%
$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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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