The Sales and listings numbers are attached as of September 15, 2020. Just when we thought the summer was busy, September has gone up another level. At mid-month in September home sales have accelerated from the amounts reported in August. In Greater Vancouver, there have been 1,755 sales as of September 15th while there were 1,304 sales last month as of August 14th. A larger number of properties came to market in the first half of September – which is typical of the fall market. The increase in the number of new listings is helping drive sales in a market where buyers have been competing for properties to purchase, especially after two years of sellers being unwilling partners and holding back on listing their properties. What’s unusual is to see property sales so strong to start the month of September when the focus is typically on the start of school – and that’s never been more so than this year. While COVID-19 is still very much gripping our lives, buying and selling homes continues at a pace no one expected. And it’s not just pent-up demand from 6 weeks of a complete slow-down in March and April, this is a real estate market that continues on its own fundamentals. A real estate market almost entirely made up of local buyers. Imagine that.

Given the start to September we’ve seen, it is likely that the total number of property sales in Greater Vancouver for September will be the highest for that month since 2015 and significantly above the 10-year average. It is conceivable to see over 3,500 sales in Greater Vancouver in September, a number not achieved since the spring of 2017. And while the number of active listings has increased, there are still a significant number of multiple offers occurring on listings. It’s not unusual to hear of double digits in terms of the number of offers on a property. Detached and townhome sales continue to lead the way, but apartment sales are not slow nor are they the unwanted property by any stretch. Downtown Vancouver has seen an increase in the number of apartments available for sale, but that’s after years of being severely short in supply. And with new construction at a low point, this supply of apartments is not likely to be long lived. Outside of downtown, the number apartments available for sale continues to be low with competition amongst buyers continuing to occur for that type of property.

As you can see, the number of average daily sales and new listings in Greater Vancouver has been steadily increasing month by month. May started the recovery and it’s been full steam ahead since then.

 

Greater Vancouver Average Daily Listings and Sales


April – 120 new listings, 56 sales

May – 189 new listings, 75 sales

June – 274 new listings, 115 sales

July – 278 new listings, 145 sales

August 3 to 7 – 337 new listings, 151 sales

August 10 to 15 – 282 new listings, 140 sales

August 17 to 21 – 298 new listings, 171 sales

August 24 to 28 – 279 new listings, 164 sales

August 31 to September 4 – 275 new listings, 162 sales

September 8 to 11 – 379 new listings, 171 sales

 

Here is a summary of the activity so far:

 

Greater Vancouver – 1,755 Units Sold so far as of September 15 compared to 1,304 as of August 14th, 2020, 1,013 Units Sold at September 14, 2019 and 717 at that same time in September 2018. Total New Listings so far in September are 3,385 compared to 2,758 as at August 14, 2020, 2,557 at September 14, 2019 and 2,918 at that time in September 2018. Total Active Listings are at 13,814 (14,309 at the same time in September 2019 and 13,227 at mid-August 2020), Sales To Listings Ratio is at 52% compared to 47% at this time in August 2020, and 40% at this time in September 2019.

 

Vancouver West – 252 Units Sold so far as of September 15 compared to 207 as of August 14th, 2020, 181 Units Sold at September 14, 2019 and 117 at that same time in September 2018. Total New Listings so far in September are 693 compared to 548 as at August 14, 2020, 523 at September 14, 2019 and 544 at that time in September 2018. Total Active Listings are at 2,799 (2,391 at the same time in September 2019 and 2,570 at mid-August 2020), Sales To Listings Ratio is at 36% compared to 38% at this time in August 2020, and 35% at this time in September 2019.

 

Vancouver East – 197 Units Sold so far as of September 15 compared to 136 as of August 14th, 2020, 127 Units Sold at September 14, 2019 and 82 at that same time in September 2018. Total New Listings so far in September are 403 compared to 333 as at August 14, 2020, 300 at September 14, 2019 and 337 at that time in September 2018. Total Active Listings are at 1,379 (1,297 at the same time in September 2019 and 1,245 at mid-August 2020), Sales To Listings Ratio is at 49% compared to 41% at this time in August 2020, and 42% at this time in September 2019.

 

North Vancouver – 164 Units Sold so far as of September 15 compared to 106 as of August 14th, 2020, 61 Units Sold at September 14, 2019 and 61 at that same time in September 2018. Total New Listings so far in September are 309 compared to 213 as at August 14, 2020, 225 at September 14, 2019 and 286 at that time in September 2018. Total Active Listings are at 926 (889 at the same time in September 2019 and 874 at mid-August 2020), Sales To Listings Ratio is at 53% compared to 50% at this time in August 2020, and 27% at this time in September 2019.

 

West Vancouver – 52 Units Sold so far as of September 15 compared to 33 as of August 14th, 2020, 19 Units Sold at September 14, 2019 and 11 at that same time in September 2018. Total New Listings so far in September are 111 compared to 83 as at August 14, 2020, 123 at September 14, 2019 and 148 at that time in September 2018. Total Active Listings are at 649 (702 at the same time in September 2019 and 637 at mid-August 2020), Sales To Listings Ratio is at 47% compared to 40% at this time in August 2020, and 15% at this time in September 2019.

 

Richmond – 198 Units Sold so far as of September 15 compared to 130 as of August 14th, 2020, 115 Units Sold at September 14, 2019 and 85 at that same time in September 2018. Total New Listings so far in September are 368 compared to 3137 as at August 14, 2020, 274 at September 14, 2019 and 358 at that time in September 2018. Total Active Listings are at 1,742 (2,187 at the same time in September 2019 and 1,682 at mid-August 2020), Sales To Listings Ratio is at 54% compared to 41% at this time in August 2020, and 42% at this time in September 2019.

 

Burnaby East – 23 Units Sold so far as of September 15 compared to 15 as of August 14th, 2020, 8 Units Sold at September 14, 2019 and 3 at that same time in September 2018. Total New Listings so far in September are 27 compared to 28 as at August 14, 2020, 27 at September 14, 2019 and 28 at that time in September 2018. Total Active Listings are at 140 (157 at the same time in September 2019 and 144 at mid-August 2020), Sales To Listings Ratio is at 85% compared to 54% at this time in August 2020, and 30% at this time in September 2019.

 

Burnaby North – 91 Units Sold so far as of September 15 compared to 90 as of August 14th, 2020, 61 Units Sold at September 14, 2019 and 33 at that same time in September 2018. Total New Listings so far in September are 171 compared to 165 as at August 14, 2020, 136 at September 14, 2019 and 137 at that time in September 2018. Total Active Listings are at 636 (595 at the same time in September 2019 and 593 at mid-August 2020), Sales To Listings Ratio is at 53% compared to 55% at this time in August 2020, and 45% at this time in September 2019.

 

Burnaby South – 79 Units Sold so far as of September 15 compared to 55 as of August 14th, 2020, 46 Units Sold at September 14, 2019 and 45 at that same time in September 2018. Total New Listings so far in September are 177 compared to 144 as at August 14, 2020, 125 at September 14, 2019 and 121 at that time in September 2018. Total Active Listings are at 727 (803 at the same time in September 2019 and 685 at mid-August 2020), Sales To Listings Ratio is at 45% compared to 38% at this time in August 2020, and 37% at this time in September 2019.

 

New Westminster – 76 Units Sold so far as of September 15 compared to 72 as of August 14th, 2020, 57 Units Sold at September 14, 2019 and 35 at that same time in September 2018. Total New Listings so far in September are 148 compared to 141 as at August 14, 2020, 101 at September 14, 2019 and 122 at that time in September 2018. Total Active Listings are at 522 (494 at the same time in September 2019 and 495 at mid-August 2020), Sales To Listings Ratio is at 51% compared to 51% at this time in August 2020, and 56% at this time in September 2019.

 

Coquitlam – 145 Units Sold so far as of September 15 compared to 100 as of August 14th, 2020, 94 Units Sold at September 14, 2019 and 65 at that same time in September 2018. Total New Listings so far in September are 285 compared to 197 as at August 14, 2020, 209 at September 14, 2019 and 243 at that time in September 2018. Total Active Listings are at 919 (1,020 at the same time in September 2019 and 882 at mid-August 2020), Sales To Listings Ratio is at 51% compared to 51% at this time in August 2020, and 45% at this time in September 2019.

 

Port Moody – 40 Units Sold so far as of September 15 compared to 34 as of August 14th, 2020, 20 Units Sold at September 14, 2019 and 14 at that same time in September 2018. Total New Listings so far in September are 76 compared to 66 as at August 14, 2020, 60 at September 14, 2019 and 58 at that time in September 2018. Total Active Listings are at 261 (241 at the same time in September 2019 and 271 at mid-August 2020), Sales To Listings Ratio is at 53% compared to 52% at this time in August 2020, and 33% at this time in September 2019.

 

Port Coquitlam – 52 Units Sold so far as of September 15 compared to 37 as of August 14th, 2020, 33 Units Sold at September 14, 2019 and 36 at that same time in September 2018. Total New Listings so far in September are 119 compared to 74 as at August 14, 2020, 72 at September 14, 2019 and 87 at that time in September 2018. Total Active Listings are at 288 (342 at the same time in September 2019 and 252 at mid-August 2020), Sales To Listings Ratio is at 44% compared to 50% at this time in August 2020, and 46% at this time in September 2019.

 

Ladner – 22 Units Sold so far as of September 15 compared to 19 as of August 14th, 2020, 14 Units Sold at September 14, 2019 and 10 at that same time in September 2018. Total New Listings so far in September are 27 compared to 24 as at August 14, 2020, 28 at September 14, 2019 and 49 at that time in September 2018. Total Active Listings are at 144 (192 at the same time in September 2019 and 149 at mid-August 2020), Sales To Listings Ratio is at 81% compared to 79% at this time in August 2020, and 50% at this time in September 2019.

 

Tsawwassen – 33 Units Sold so far as of September 15 compared to 22 as of August 14th, 2020, 17 Units Sold at September 14, 2019 and 11 at that same time in September 2018. Total New Listings so far in September are 55 compared to 59 as at August 14, 2020, 41 at September 14, 2019 and 48 at that time in September 2018. Total Active Listings are at 319 (292 at the same time in September 2019 and 315 at mid-August 2020), Sales To Listings Ratio is at 60% compared to 37% at this time in August 2020, and 41% at this time in September 2019.

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A tiny change today brings a dramatically different tomorrow.” Richard Bach


There seemed to be more competition in the real estate market than in the National Hockey League this August – who ever thought that would be a comparison for this time of year. If we thought competing offers were a constant in July, after a tempered start in the first half of August, we experienced two weeks with the most amount of sales reported this year after that. Amid all the chatter of economic disruption and its potential negative effects on the housing market, real estate has taken on a life of its own and clearly wants nothing to do with slowing down. And guess what? – it’s local! All the while buyers vying for various types of properties in different areas are walking away from competing offers still looking for their home. Demand side measures haven’t eased the burden for buyers in Metro Vancouver and supply continues to be an issue.   


There were 3,122 properties sold of all types in Greater Vancouver in August this year compared with 3,202 sold in July, 2,256 sales in August last year and 1,961 sold in August 2018. It was actually the sixth highest amount of sales for the month of August on record in Greater Vancouver and the highest monthly sales for August since 2015. This is not just COVID pent up demand, it is a housing market that had been stalled in 2018 and 2019 coming to life. And coming to life with a significant surge as a result of homeowners looking to trade homes and many buyers simply wanting to engage after holding back.


Total sales in August were 21 per cent above the ten-year average for the month. Looking at the different types of properties, detached home sales were up 55 per cent year over year, townhouses up 51 per cent year over year, apartments up 19 per cent year over year. Detached homes made up 35 per cent of all sales, while townhomes made up 20 per cent and apartments 43 per cent. While total active listings for apartments are up 16 per cent year over year, and active listings for townhouse and detached homes are down 8 per cent and 21 per cent respectively year over year, let’s not fall into the thinking that apartments are the unwanted product. The flight from apartments broadcast by some has just happened at a quicker pace, as it has always been a part of the buying cycle. While some buyers are looking for space due to working at home or wanting less shared common space, many would have made this move eventually regardless of COVID-19. Record low interest rates and over two years of down markets with price declines in the detached market have given buyers opportunities they have been itching for. After all, it’s the ultimate home owners dream, a plot of land where you live. We shouldn’t be so surprised to see this movement right now. But with more apartments available for sale comes opportunities for first time buyers and those looking for this type of property given they have been a scarce commodity over the last few years. 

 

Average Daily Sales and Listings in Greater Vancouver


First two weeks of March – 253 new listings, 138 sales
Last two week of March – 167 New Listings, 98 Sales
April – 120 new listings, 56 sales
May – 189 new listings, 75 sales
June – 274 new listings, 115 sales
July 6 to 10 – 302 new listings, 138 sales
July 13 to 17 – 294 new listings, 146 sales
July 20 to 24 – 258 new listings, 151 sales
July 27 to 31 – 245 new listings, 154 sales
August 4 to 7 – 337 new listings, 151 sales
August 10 to 14 – 282 new listings, 140 sales
August 17 to 21 – 298 new listings, 171 sales*
August 24 to 28 – 279 new listings, 164 sales *
*the two highest weekly sales figures in 2020 including pre-pandemic

 

Some highlights from August:

  • Vancouver West and Burnaby were the only areas in Greater Vancouver to see the number of sales in August higher than July

  • North Vancouver detached home sales which are traditionally low in August were higher than July and 61 per cent higher than August 2019 and 232 per cent higher than August 2018

  • In the Pitt Meadows market, there is only one-month supply of detached homes and townhomes currently

  • Bowen Island and Vancouver East detached homes have seen the biggest year-over-year increase in house prices at 11.8% and 10.1% respectively (House Price Index)

There was an increase in the number of new listings in August, which was 34 per cent higher than the ten-year average for the month of August. As a result, at the end of August there were 13,511 properties for sale, compared to 12,796 at the end of July but still less than the 14,191 available at the end of August 2019 – a 5 per cent reduction in the number of homes available year-over-year. Yes, there have been more properties listed in the last few months than we typically see at this time of year and the total number of active listings have increased, but competing offers continue – houses, townhouses and apartments. Imagine what it would be like for buyers without the number of new listings we’ve seen in the last few months. Even with more homes available for sale it is very much a seller’s market in most areas, some more extreme than others. Vancouver and surrounding cities with 4 to 5 months supply of homes available while further out there are only 3 months supply available. 


So now that we’ve caught up from the summer market, it’s time for the fall market. Interest rates will fuel the real estate while they remain low, but there’s no reason to think the continued availability of listings as they continue to come to market will also fuel real estate sales. There will be further movement by homeowners looking for their “more ideal” home, changes needed as a result of additions to families and unfortunately also the break down of families. And while there have been job losses, many who have been working have decreased their discretionary spending. Vacations and dinners out could turn into more equity to invest in the next home or first home. 


“People who put their home buying and selling plans on hold in the spring have been returning to the market throughout the summer. Low interest rates and limited overall supply of homes for sale are creating competition in today’s housing market,” Colette Gerber, REBGV Chair said, “Like everything else in our lives these days, the uncertainty of COVID-19 presents makes it challenging to predict what will happen this fall.”


East of Vancouver, the Fraser Valley Real Estate Board processed 2,039 sales of all property types on its Multiple Listing Service® in August, a decrease of 2.9 per cent compared to sales in July but a 57.2 per cent increase compared to the 1,297 sales in August of last year. Last month’s sales were 39 per cent above the ten-year average for August and the highest August sales in a decade. There were 3,309 new listings in August, a 6.8 per cent decrease compared to July and a 40.4 per cent increase compared to August of last year. July’s new listings were 28.9 per cent above the ten-year average for the month and the highest in the last ten years. July finished with 7,404 active listings, an increase of 0.9 per cent compared to July’s inventory and a decrease of 7.9 per cent year-over-year. “We are seeing better sales volumes increase month over month because buyers are recognizing that the Fraser Valley offers increased choice and diversified housing opportunities, while offering more value as well,” Chris Shields, President of the Fraser Valley Real Estate Board said. “In an unusual situation given the pandemic, we remain cautiously optimistic and are encouraged by the numbers we are seeing.”


Here is a summary of the activity so far:


Greater Vancouver: Total Units Sold in August was 3,122 – down from 3,202 (2%) in July 2020, up from 2,256 (38%) in August 2019, up from 1,961 (59%) in August 2018; Active Listings are at 13,511 compared to 14,191 (down 5%) at this time last year; New Listings in August were down 2% compared to July 2020, up 55% compared to August 2019 and up 50% compared to August 2018. Month’s Supply of Total Residential Listings is up to 5 Month’s Supply (Balanced Market with strong signs of Seller’s Market conditions) and a Sales to Listings Ratio of 52% compared to 52% in July 2020, 59% in August 2019 and 49% in August 2018. Year-over-year, the House Price Index is up 5.3%.
 
Vancouver Westside: Total Units Sold in August was 490 – up from 472 (4%) in July 2020, up from 423 (16%) in August 2019, up from 371 (32%) in August 2018; Active Listings are at 2,671 compared to 2,326 (up 15%) at this time last year; New Listings in August were down 1% compared to July 2020, up 88% compared to August 2019 and up 66% compared to August 2018. Month’s Supply of Total Residential Listings is at 5 Month’s Supply (Balanced Market with strong signs of Seller’s Market conditions) and a Sales to Listings Ratio of 41% compared to 39% in July 2020, 67% in August 2019 and 51% in August 2018. Year-over-year, the House Price Index is up 5.6%.
 
Vancouver East Side: Total Units Sold in August was 330 – down from 344 (2%) in July 2020, up from 235 (38%) in August 2019, up from 191 (59%) in August 2018; Active Listings are at 1,319 compared to 1,233 (down 5%) at this time last year; New Listings in August were up 6% compared to July 2020, up 104% compared to August 2019 and up 86% compared to August 2018. Month’s Supply of Total Residential Listings is up to 4 Month’s Supply (Balanced Market with strong signs of Seller’s Market conditions) and a Sales to Listings Ratio of 45% compared to 50% in July 2020, 65% in August 2019 and 48% in August 2018. Year-over-year, the House Price Index is up 7.9%.
 
North Vancouver: Total Units Sold in August was 250 – down from 267 (6%) in July 2020, up from 184 (36%) in August 2019, up from 131 (91%) in August 2018; Active Listings are at 913 compared to 838 (up 9%) at this time last year; New Listings in August were down 1% compared to July 2020, up 86% compared to August 2019 and up 91% compared to August 2018. Month’s Supply of Total Residential Listings is up to 4 Month’s Supply (Balanced Market with strong signs of Seller’s Market conditions) and a Sales to Listings Ratio of 51% compared to 54% in July 2020, 70% in August 2019 and 51% in August 2018. Year-over-year, the House Price Index is up 7.0%.
 
West Vancouver: Total Units Sold in August was 67 – down from 68 (2%) in July 2020, up from 49 (38%) in August 2019, up from 46 (59%) in August 2018; Active Listings are at 667 compared to 690 (down 5%) at this time last year; New Listings in August were down 2% compared to July 2020, up 43% compared to August 2019 and up 37% compared to August 2018. Month’s Supply of Total Residential Listings is up to 10 Month’s Supply (Mostly Buyer’s Market conditions) and a Sales to Listings Ratio of 35% compared to 35% in July 2020, 36% in August 2019 and 32% in August 2018. Year-over-year, the House Price Index is up 3.7%.
 
Richmond: Total Units Sold in August was 340 – down from 363 (6%) in July 2020, up from 250 (36%) in August 2019, up from 266 (28%) in August 2018; Active Listings are at 1,712 compared to 2,210 (down 23%) at this time last year; New Listings in August were up 7% compared to July 2020, up 30% compared to August 2019 and up 17% compared to August 2018. Month’s Supply of Total Residential Listings is up to 5 Month’s Supply (Balanced Market with strong signs of Seller’s Market conditions) and a Sales to Listings Ratio of 51% compared to 58% in July 2020, 48% in August 2019 and 47% in August 2018. Year-over-year, the House Price Index is up 5.1%.
 
Burnaby East: Total Units Sold in August was 37 – up from 32 (16%) in July 2020, up from 31 (19%) in August 2019, up from 21 (4%) in August 2018; Active Listings are at 143 compared to 149 (down 4%) at this time last year; New Listings in August were down 6% compared to July 2020, up 21% compared to August 2019 and up 68% compared to August 2018. Month’s Supply of Total Residential Listings is at 4 Month’s Supply (Balanced Market with strong signs of Seller’s Market conditions) and a Sales to Listings Ratio of 58% compared to 47% in July 2020, 58% in August 2019 and 55% in August 2018. Year-over-year, the House Price Index is up 7.2%.
 
Burnaby North: Total Units Sold in August was 197 – up from 141 (40%) in July 2020, up from 129 (53%) in August 2019, up from 82 (140%) in August 2018; Active Listings are at 615 compared to 591 (up 4%) at this time last year; New Listings in August were up 6% compared to July 2020, up 64% compared to August 2019 and up 86% compared to August 2018. Month’s Supply of Total Residential Listings is down to 3 Month’s Supply (Balanced Market with strong signs of Seller’s Market conditions) and a Sales to Listings Ratio of 57% compared to 43% in July 2020, 61% in August 2019 and 44% in August 2018. Year-over-year, the House Price Index is up 3.5%.
 
Burnaby South: Total Units Sold in August was 130 – up from 114 (14%) in July 2020, up from 126 (3%) in August 2019, up from 94 (38%) in August 2018; Active Listings are at 702 compared to 792 (down 11%) at this time last year; New Listings in August were the same compared to July 2020, up 26% compared to August 2019 and up 54% compared to August 2018. Month’s Supply of Total Residential Listings is down to 5 Month’s Supply (Balanced Market with strong signs of Seller’s Market conditions) and a Sales to Listings Ratio of 42% compared to 36% in July 2020, 51% in August 2019 and 46% in August 2018. Year-over-year, the House Price Index is up 2.6%.
 
New Westminster: Total Units Sold in August was 161 – down from 164 (2%) in July 2020, up from 97 (66%) in August 2019, up from 90 (79%) in August 2018; Active Listings are at 504 compared to 498 (up 1%) at this time last year; New Listings in August were up 3% compared to July 2020, up 72% compared to August 2019 and up 76% compared to August 2018. Month’s Supply of Total Residential Listings is at 3 Month’s Supply (Balanced Market with strong signs of Seller’s Market conditions) and a Sales to Listings Ratio of 56% compared to 59% in July 2020, 58% in August 2019 and 56% in August 2018. Year-over-year, the House Price Index is up 4.9%.
 
Coquitlam: Total Units Sold in August was 246 – down from 287 (2%) in July 2020, up from 198 (38%) in August 2019, up from 183 (59%) in August 2018; Active Listings are at 872 compared to 1,059 (down 5%) at this time last year; New Listings in August were down 4% compared to July 2020, up 17% compared to August 2019 and up 12% compared to August 2018. Month’s Supply of Total Residential Listings is up to 4 Month’s Supply (Balanced Market with strong signs of Seller’s Market conditions) and a Sales to Listings Ratio of 60% compared to 67% in July 2020, 56% in August 2019 and 50% in August 2018. Year-over-year, the House Price Index is up 4.9%.
 
Port Moody: Total Units Sold in August was 86 – down from 96 (10%) in July 2020, up from 39 (121%) in August 2019, up from 29 (197%) in August 2018; Active Listings are at 251 compared to 226 (up 11%) at this time last year; New Listings in August were down 18% compared to July 2020, up 55% compared to August 2019 and up 111% compared to August 2018. Month’s Supply of Total Residential Listings is at 3 Month’s Supply (Balanced Market with strong signs of Seller’s Market conditions) and a Sales to Listings Ratio of 73% compared to 67% in July 2020, 51% in August 2019 and 52% in August 2018. Year-over-year, the House Price Index is up 1.2%.
 
Port Coquitlam: Total Units Sold in August was 103 – down from 119 (13%) in July 2020, up from 79 (30%) in August 2019, up from 72 (43%) in August 2018; Active Listings are at 258 compared to 338 (down 24%) at this time last year; New Listings in August were down 1% compared to July 2020, up 46% compared to August 2019 and up 15% compared to August 2018. Month’s Supply of Total Residential Listings is up to 3 Month’s Supply (Balanced Market with strong signs of Seller’s Market conditions) and a Sales to Listings Ratio of 61% compared to 70% in July 2020, 68% in August 2019 and 49% in August 2018. Year-over-year, the House Price Index is up 6.5%.
 
Ladner: Total Units Sold in August was 40 – down from 49 (18%) in July 2020, up from 33 (21%) in August 2019, down from 46 (13%) in August 2018; Active Listings are at 155 compared to 192 (down 19%) at this time last year; New Listings in August were down 4% compared to July 2020, up 3% compared to August 2019 and up 50% compared to August 2018. Month’s Supply of Total Residential Listings is up to 4 Month’s Supply (Balanced Market with strong signs of Seller’s Market conditions) and a Sales to Listings Ratio of 58% compared to 68% in July 2020, 49% in August 2019 and 50% in August 2018. Year-over-year, the House Price Index is up 6.9%.
 
Tsawwassen: Total Units Sold in August was 53 – down from 62 (2%) in July 2020, up from 73 (38%) in August 2019, up from 45 (59%) in August 2018; Active Listings are at 319 compared to 294 (down 5%) at this time last year; New Listings in August were down 13% compared to July 2020, up 52% compared to August 2019 and up 147% compared to August 2018. Month’s Supply of Total Residential Listings is up to 6 Month’s Supply (Balanced Market with strong signs of Seller’s Market conditions) and a Sales to Listings Ratio of 48% compared to 48% in July 2020, 41% in August 2019 and 56% in August 2018. Year-over-year, the House Price Index is up 5.1%.
 
Pitt Meadows: Total Units Sold in August was 42 – down from 48 (12%) in July 2020, up from 39 (38%) in August 2019, up from 23 (83%) in August 2018; Active Listings are at 90 compared to 118 (down 23%) at this time last year; New Listings in August were down 21% compared to July 2020, up 28% compared to August 2019 and up 4% compared to August 2018. Month’s Supply of Total Residential Listings is at 2 Month’s Supply (Balanced Market with strong signs of Seller’s Market conditions) and a Sales to Listings Ratio of 85% compared to 77% in July 2020, 102% in August 2019 and 48% in August 2018. Year-over-year, the House Price Index is up 3.1%.
 
Maple Ridge: Total Units Sold in August was 216 – down from 246 (12%) in July 2020, up from 133 (62%) in August 2019, up from 121 (79%) in August 2018; Active Listings are at 681 compared to 14,191 (down 18%) at this time last year; New Listings in August were down 17% compared to July 2020, up 43% compared to August 2019 and up 20% compared to August 2018. Month’s Supply of Total Residential Listings is at 3 Month’s Supply (Balanced Market with strong signs of Seller’s Market conditions) and a Sales to Listings Ratio of 71% compared to 67% in July 2020, 63% in August 2019 and 48% in August 2018. Year-over-year, the House Price Index is up 4.7%.

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.