Vancouver Real Estate Stats August.2020 – Housing Market

Vancouver Real Estate Stats August.2020 – Housing Market

Vancouver Real Estate Stats August.2020 – Housing Market

Home Sale continues to increase in Aug.2020

Vancouver Real Estate Stats August.2020 – Housing Market: The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 3,047 in Aug 2020, a 36.6 per cent increase from the 2,231 sales recorded in August 2019, and a 2.6 per cent decrease from the 3,128 homes sold in July 2020.

Last month’s sales were 19.9 per cent above the 10-year August sales average.

Let’s take a look at the sales-to-active listings ratio:

  1. 23.7% for detached homes
  2. 30.5% for townhomes
  3. 21.6% for apartments

Total Sales in Detached homes, condo, and Townhouses:

  1. Detached home: 1095, houses sold – 55.1% increased from August.2019 – The benchmark price for a detached home is $1,491,300
  2. Condo: 1332 apartment sold – 4.5% increased from August.2019 – The benchmark price of an apartment property is $685,800
  3. Townhouse: 620 townhomes sold – 51.6% increased from August.2019 – The benchmark price of an attached home is $806,400