highlights • After tallying 5,000 in August, sales in the Vancouver Region jumped to 5,759 in September—the highest monthly count since June 2017 and the highest in any September since at least 1980. Sales were up 15% versus August and 59% versus September 2019. • Compared to condo sales being 36% higher year-over-year, ground-oriented home sales again registered larger year-over-year increases, with detached home sales up 76% and townhomes up 77%. • Compared to the past decade average for September, last month’s sales were 55% higher for detached homes, 90% higher for townhomes, and 53% higher for condos.
THE RENNIE ADVANCE
sales
SEPTEMBER
1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500
September
vs Sep 2019 76%
10yr Sep Avg 1,523 vs 10yr Sep avg 55%
2,354
DETACHED sales
0 500
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
1,000 1,200 1,400
vs Sep 2019 77%
September
1,189
vs 10yr Sep Avg 90%
0 200 400 600 800
10yr Sep Avg 626
TOWNHOME sales
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
3,000
vs Sep 2019 36%
September
2,500
vs 10yr Sep Avg 53%
2,080
2,000
1,500
10yr Sep Avg 1,360
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 October 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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