highlights • Limited supply and strong demand have continued to nudge median sales prices upwards overall in both the Greater Vancouver and Fraser Valley board areas. • Compared to last year, the median sales price for detached homes in the Greater Vancouver board area was 6% higher in December, with townhome prices up 5%; meanwhile, condo prices slipped slightly (by 0.5%). In the Fraser Valley board area, median sales prices were 17% higher than last year for detached homes, up 8% for townhomes, and up 7% for condos. • Between November and December, median sales prices also largely increased. In the Greater Vancouver board area, they were up 1.0% for detached homes and 3% for townhomes, though they were down 0.5% for condos. In the Fraser Valley, they were up across the board, at 3% for detached homes, 1.2% for townhomes, and 2% for condos.
THE RENNIE ADVANCE median prices
DECEMBER
$2,000,000
vs Dec 2019 6%
December
$1.50 M
$1,600,000
Great er Vancouver Fraser Val ley
$1,200,000
$1.14 M
$800,000
DETACHED median sales price
vs Dec 2019 17%
$400,000
$0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
vs Dec 2019 5%
$1,200,000
December Great er Vancouver Fraser Val ley
$1,000,000
$815,000
$800,000
$600,000
$615,000
$400,000
TOWNHOME median sales price
vs Dec 2019 8%
$200,000
$0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
$1,000,000
vs Dec 2019 0.5%
December
$800,000
Great er Vancouver Fraser Val ley
$587,000
$600,000
$400,000
$405,000
CONDO median sales price
$200,000
vs Dec 2019 7%
$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 January 5, 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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