highlights • O n am onth-over-m onth basis,theG reaterVancouverboard areasaw an increaseof0.3% in m edian sold prices(averaged acros hom etypes),w hiletheFraserValey experienced an increase of2.0%.In G reaterVancouver,m edian sold pricesweredown 0.1% fordetached hom esand condos,and up 1.0% fortownhom es.In theFraserValey,m edian sold pricesweredown 1.1% for detached hom es,up 5% fortownhom es,and up 2% forcondos. • O n ayear-over-yearbasis,m edian sold pricesin G reaterVancouverw ereup 1.7% (averaged acros hom etypes),whilein theFraserValeytheywereup 0.8% .In G reaterVancouver,m edian prices werehigheracros al hom etypes:detached by2%,townhom esby0.8%,and condosby2%.In the FraserValey,detached hom epriceswereup 3%,townhom espricesweredown 0.3%,and condo pricesweredown 0.6%.
VANCOUVERREGION THERENNIEADVANCE median prices
JANUARY2025
•
$2,000,000
+ 2% vsJan 2024 Greater Vancouver
$1.85M
$1,600,000
$1.49M
$1,200,000
$800,000
DETACHED median salesprice
FraserValey
$400,000
+ 3% vsJan 2024
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0
━ G reaterVancouver ━ FraserValey
● January
$1,200,000
Greater Vancouver
$1,079,000
$1,000,000
+ 0.8% vsJan 2024
$800,000
$837,500
$600,000
$400,000
TOWNHOME median salesprice
FraserValey
$200,000
- 0.3% vsJan 2024
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0
━ G reaterVancouver ━ FraserValey
● January
$1,000,000
+ 2% vsJan 2024 Greater Vancouver
$800,000
$719,000
$600,000
$527,000
$400,000
CONDO median salesprice
FraserValey
$200,000
- 0.6% vsJan 2024
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0
━ G reaterVancouver ━ FraserValey
● January
Copyright© 2025renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofFebruary3,2025.Aldatafrom RealEstateBoardofGreaterVancouverand FraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakesteps astherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ation issubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E. 6 ●
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