Were you curious about the state of Vancouver Real Estate in 2020? Then look no further. We’ve curated, vetted, and categorized a list of up-to-date Vancouver Real Estate stats below.
Knowing the critical real estate statistics in Vancouver can help Home Buyers and Sellers make the right decision.
Click to jump to a category, or keep reading for our top Vancouver Real Estate Statistics from the Real Estate Board of Greater Vancouver (REBGV). Most of the stats come from the REBGV’s Monthly Market Report.
Top Vancouver Real Estate Statistics
- Vancouver’s average home price is 1.3 million. (Zolo)
- Vancouver condo average price is $949,259. (Real Estate Board of Greater Vancouver) Click here to view Vancouver Condo Prices Chart.
- Vancouver Townhouse‘s average sold price is $1,148,179.
- The average Vancouver house is $2,312,727.
- Vancouver West Condo for Sale MLS HPI Benchmark Price is $794,200.
- East Vancouver Condo for Sale MLS HPI Benchmark Price is $590,300.
- Lower Mainland All residential type MLS home price index is $970,200. (Real Estate Board of Greater Vancouver)
- July 2020’s home sales were 9.4% above the 10-year July sales average.
Vancouver Condo Statistics
- Vancouver condo average list price is $973,379.
- Vancouver condo average sold price is $949,259.
- Vancouver condo median list price is $748,900.
- Vancouver condo median sold price is $740,750.
Vancouver Townhouse Statistics
- Vancouver Townhouse’s average list price is $1,172,793.
- Vancouver Townhouse’s average sold price is $1,148,179.
- Vancouver Townhouse’s median list price is $1,108,999.
- Vancouver Townhouse’s median sold price is $1,113,500.
Vancouver Single Family Detached House Statistics
- Vancouver’s average house list price is $2,363,286.
- Vancouver’s average house sold price is $2,312,727.
- Vancouver’s median house list price is $1,799,000.
- Vancouver’s median house sold is $1,851,000.
Vancouver West Real Estate Statistics
- Single Family Detached House sales in Vancouver West totalled 77 in July 2020.
- Vancouver West house for sale average days on the market is 37 days.
- Vancouver West house for sale MLS HPI Benchmark Price is $3,053,900.
- Condo sales in Vancouver West totalled 339 in July 2020.
- Vancouver West Condo for sale average days on the market is 25 days.
- Vancouver West Condo for Sale MLS HPI Benchmark Price is $794,200.
- Townhouse sales in Vancouver West Side totalled 48 in July 2020.
- Vancouver West Townhouse for sale average days on the market is 34 days.
- Vancouver West Townhouse for Sale MLS HPI Benchmark Price is $1,139,900.
Click here to download the full Vancouver West Stats report. The Report contains real estate statistics for Yaletown, West End, Coal Harbour, Downtown, Olympic Village, Mountain Pleasant, Kerrisdale, and Kitsilano.
East Vancouver Real Estate Statistics
- Single Family Detached House sales in East Vancouver totalled 141 in July 2020.
- East Vancouver Detached house for sale average days on the market is 18 days.
- East Vancouver House for Sale MLS HPI Benchmark Price is $1,487,300.
- Condo sales in East Vancouver totalled 156 in July 2020.
- East Vancouver Condo for sale average days on the market is 26 days.
- East Vancouver Condo for Sale MLS HPI Benchmark Price is $590,300.
- Townhouse sales in East Vancouver totalled 29 in July 2020.
- East Vancouver Townhouse for sale average days on the market is 20 days.
- East Vancouver Townhouse for Sale MLS HPI Benchmark Price is $887,700.
Click here to download the full East Vancouver Real Estate Stats Reports. The Report contains real estate statistics for River District and other East Vancouver neighbourhoods.
Lower Mainland Real Estate Statistics
- Lower Mainland All residential type MLS home price index is $970,200. (Real Estate Board of Greater Vancouver)
- Lower Mainland Single Family Detached House MLS Benchmark* Price is $1,272,200.
- Lower Mainland Townhouse MLS Benchmark Price is $693,600.
- Lower Mainland Condo MLS Benchmark Price is $655,900.
* Benchmark Price: The estimated sale price of a benchmark property. Benchmarks represent a typical property within each market.
Greater Vancouver Real Estate Statistics
- Residential home sales in the region* totalled 3,128 in July 2020, a 22.3% increase from the 2,557 sales recorded in July 2019, and a 28% increase from the 2,443 homes sold in June 2020.
- July 2020’s home sales were 9.4% above the 10-year July sales average.
- In July 2020, 5,948 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service (MLS).
- July 2020 homes for sale listings is 28.9% higher than July 2019.
- July 2020 homes for sale listings is 2.8% higher than June 2020.
- The total number of homes currently listed for sale on the MLS in Metro Vancouver is 12,083, a 15.1% decrease compared to July 2019 and a 5.8% increase compared to June 2020.
- For all property types, the sales-to-active listings ratio**for July 2020 is 25.9%.
- Detached homes sales-to-active listings is 25.1%.
- Townhouse sales-to-active listings is 31.1%.
- Condo sales-to-active listings is 24.7%.
- Detached Home sales in July 2020 reached 1,121, a 33.3% increase from July 2019.
- Condo sales in July 2020 reached 1,400, a 12.6% increase compared to July 2019.
- Townhouse sales in July 2020 totalled 607, a 28.3% increase compared to July 2019.
* Burnaby, Coquitlam, Delta, Gulf Islands, Maple Ridge, Pitt Meadows, North Vancouver, Port Coquitlam, Port Moody, Belcarra, Richmond, Squamish, Sunshine Coast, Vancouver, West Vancouver, Howe Sound, Whistler, Pemberton.
** Generally, analysts say that downward pressure on home prices occurs when the ratio dips below 12% for a sustained period. In comparison, home prices often experience upward pressure when it surpasses 20% over several months.
More Real Estate Statistics
Fraser Valley Real Estate Board (FVREB Stats)
