What Happened with the Vancouver Real Estate Market in September?
Housing market is expected to remain active for Q4 of 2020 due to pent-up demand and low inventory levels, and historically low interest rates.
Median sales prices were higher across the board. Total of 5,759 sales – the highest number since June 2017! That’s also 59% more sales vs Sep 2019 while inventory for detached is down about 23% and down 15% for townhouses but up for condos at 13%.
I am highlighting a few neighbourhoods as well as the overall markets here, but feel free to send a message in regards to any other specific neighbouroods.
Westside Detached September 2020Numbers:
WESTSIDE
DETACHED
Active Listings
606
Sold Listings
104
Average Sales Price
$3,244,000
New Listings
207
Days On Market
17
East Vancouver September 2020 Detached Numbers:
EAST VAN
DETACHED
Active Listings
545
Sold Listings
171
Average Sales Price
$1,552,000 (+10.9%)
New Listings
294
Days On Market
10
North Vancouver September 2020 Detached Numbers:
NORTH VAN
DETACHED
Active Listings
296
Sold Listings
133
Average Sales Price
$1,750,000 (+9.5%)
New Listings
201
Days On Market
8
Westside Vancouver Condos, Townhomes, 1/2 Duplex Market September 2020
WESTSIDE
OVERALL
1 BEDS
2 BEDS
TOWNHOMES
DUPLEX
Active Listings
2,185
741
966
124
14
Sold Listings
427
197
153
42
2
Average Sales Price
$788,500
$628,000
$985,000
$1,075,000
$1,486,666
Price Per Foot
$1,039
$1,044
$1,036
$916
$822
Days On Market
13
11
18
7
3
East Vancouver Condos, Townhomes, 1/2 Duplex Market September 2020
EAST VAN
OVERALL
1 BEDS
2 BEDS
TOWNHOMES
DUPLEX
Active Listings
719
255
295
113
105
Sold Listings
234
99
89
37
11
Average Sales Price
$656,000
$512,000
$720,000
$940,000
$1,323,000
Price Per Foot
$870
$887
$861
$794
$976
Days On Market
14
14
14
12
4
North Vancouver Condos, Townhomes, 1/2 Duplex Market September 2020
EAST VAN
OVERALL
1 BEDS
2 BEDS
TOWNHOMES
DUPLEX
Active Listings
591
140
283
124
14
Sold Listings
182
51
80
42
2
Average Sales Price
$727,500
$528,000
$747,500
$1,040,000
$1,486,666
Price Per Foot
$764
$814
$776
$662
$822
Days On Market
13
12
14
12
3
Westside: Kitsilano Market September 2020
KITSILANO
OVERALL
1 BEDS
2 BEDS
TOWNHOMES
DUPLEX
Active Listings
113
29
40
22
15
Sold Listings
66
24
22
12
7
Average Sales Price
$1,025,000
$640,000
$975,000
$1,355,000
$2,010,000
Price Per Foot
$1,021
$960
$960
$1,050
$1,262
Days On Market
17
23
18
11
14
Median Price for Houses in Greater Vancouver for 2020 is $1,507,500 | +7.8% vs 2019 |+ 87.4% since 2010!Median Price for Condos in Greater Vancouver for 2020 is $683,500 | +4.5% since 2019 | +82% since 2010!
