THE RENNIE ADVANCE median prices
highlights • On a month-over-month basis, the Greater Vancouver board area saw a decrease in median sold prices by 0.4% (on average across home types), while the Fraser Valley experienced a decline of 0.1%. In Greater Vancouver, detached home and condo median prices fell by 2% and 1.1%, respectively, whereas townhome median prices rose by 2%. In the Fraser Valley, detached home and townhome median prices rose by 1.0% and 1.3%, respectively, while condo median prices fell by 3%. • On a year-over-year basis, median sold prices in both the Greater Vancouver and Fraser Valley board areas were higher—respectively, by 10% and 8% (on average across types). In Greater Vancouver, townhome median prices were 14% higher, detached homes were 10% higher, and condos were 6% higher. In the Fraser Valley, detached home median prices were 10% higher, condos were 8% higher, and townhomes were 5% higher.
SEPTEMBER 2023
•
$2,000,000
Greater Vancouver
$1.85M
$1,600,000
+ 10% vs Sep 2022
$1.46M
$1,200,000
$800,000
DETACHED median sales price
Fraser Valley
$400,000
+ 10% vs Sep 2022
$0
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
━ Greater Vancouver ━ Fraser Valley
● September
$1,200,000
Greater Vancouver
$1,163,500
$1,000,000
+ 14% vs Sep 2022
$800,000
$845,000
$600,000
$400,000
TOWNHOME median sales price
Fraser Valley
$200,000
$0
+ 8% vs Sep 2022
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
━ Greater Vancouver ━ Fraser Valley
● September
$1,000,000
Greater Vancouver
$800,000
+ 6% vs Sep 2022
$711,800
$600,000
$525,000
$400,000
CONDO median sales price
Fraser Valley
$200,000
+ 5% vs Sep 2022
$0
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
━ Greater Vancouver ━ Fraser Valley
● September
Copyright © October 3, 2023 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 3, 2023. 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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