highlights • Median sales prices in July 2020 were up versus July 2019 within each of the Greater Vancouver and Fraser Valley board areas. • Compared to one year ago, the median sold price in the Greater Vancouver board area was up by 9% for both detached homes and townhomes, and up by 1.6% for condos. In the Fraser Valley board area July’s median price was up 10% for detached homes, 4% for townhomes, and 7% for condos compared to July 2019. • On a month-over-month basis, median prices were higher in July for all home types in the Fraser Valley board area and for detached homes and condos in the Greater Vancouver board area (the townhome median price dipped by 0.6%).
THE RENNIE ADVANCE median prices
JULY
$2,000,000
vs Jul 2019 9%
July
$1,600,000
$1.37 M
Greater Vancouver Fraser Valley
$1,200,000
$1.00 M
$800,000
DETACHED median sales price
vs Jul 2019 10%
$400,000
$0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
$1,200,000
vs Jul 2019 9%
July Greater Vancouver Fraser Valley
$1,000,000
$785,000
$800,000
$600,000
$585,000
$400,000
TOWNHOME median sales price
vs Jul 2019 4%
$200,000
$0
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
$1,000,000
vs Jul 2019 1.6%
July
$800,000
Greater Vancouver Fraser Valley
$589,500
$600,000
$400,000
$399,900
CONDO median sales price
$200,000
vs Jul 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 August 3, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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