Market Highlights September 2020.
With an ever changing real estate market, we have to stay up to date for our clients. We are constantly monitoring the data for all kinds of real estate product. We will be committing to updating monthly the data released by the Real Estate Board of Greater Vancouver (REBGV) going forward.
General market data from September suggests an interesting development and something we have been noticing directly. What we found particularly of interest was that last month’s “sales were 44.8 per cent above the 10-year September sales average. This accounts for the highest total on record for the month ever.
Sales of detached homes in September 2020 reached 1,317, a 76.8 per cent increase from the 745 detached sales recorded in September 2019. The benchmark price for detached properties is $1,507,500. This represents a 7.8 per cent increase from September 2019 and a 1.1 per cent increase compared to August 2020.
Sales of apartment homes reached 1,596 in September 2020, a 36.9 per cent increase compared to the 1,166 sales in September 2019. The benchmark price of an apartment property is $683,500. This represents a 4.5 per cent increase from September 2019 and a 0.3 per cent decrease compared to August 2020.
Attached home sales in September 2020 totalled 730, a 73 per cent increase compared to the 422 sales in September 2019. The benchmark price of an attached unit is $809,900. This represents a 5.2 per cent increase from September 2019 and a 0.4 per cent increase compared to August 2020.”
As always, give us a shout if you have any questions and thanks for reading Market Highlights September 2020.
Take a look also on our MLS search linked here FilerWelch.com / MLS Search to see real time market listings!
Real Estate Board of Greater Vancouver: Metro Vancouver home sales and listings surge in September
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