Greater Vancouver & Fraser Valley Market

December 2020

Click the arrow keys to sort cities by alphabet, or prices and price changes by ascending and descending order. Use the search bar to quickly view the stats of a city. Check out our blog for more on buying or selling your home!

CITY (ALPHABETICAL)SINGLE-FAMILY HOME BENCHMARK PRICESINGLE-FAMILY 1-YEAR PRICE CHANGETOWNHOME BENCHMARK PRICECONDO BENCHMARK PRICE
Abbotsford$896,500+14.2%$487,600$325,300
Burnaby East$1,312,100+14.3%$690,900$741,800
Burnaby North$1,536,300+10.6%$751,000$617,700
Burnaby South$1,579,700+5.7%$796,600$655,500
Coquitlam$1,291,800+10.7%$708,000$529,900
Delta - North$991,700+9.6%$579,700$377,500
Ladner$1,070,000+14.7%$633,200$517,500
Langley$1,136,800+14.1%$586,800$400,300
Maple Ridge$905,300+12.3%$557,700$369,000
Mission$765,900+19.0%$481,300$359,700
New Westminster$1,147,300+13.4%$745,400$523,500
North Vancouver$1,702,600+12.5%$1,010,000$585,800
Pitt Meadows$973,100+10.4%$620,300$503,600
Port Coquitlam$1,055,000+10.7%$660,600$469,200
Port Moody$1,569,300+12.2%$656,000$656,300
Richmond$1,584,700+6.2%$817,000$652,600
Surrey - Central$1,115,600+11.7%$586,900$422,300
Surrey - Cloverdale$1,128,300+13.4%$630,400$476,700
Surrey - North$1,059,900+13.6%$561,200$419,700
Tsawwassen$1,200,800+12.7%$603,500$545,200
Vancouver East$1,545,400+10.2%$897,400$595,300
Vancouver West$3,161,700+7.5%$1,141,600$759,700
West Vancouver$2,793,400+7.7%-$1,095,600
White Rock/South Surrey$1,450,900+11.7%$672,900$514,600

*Benchmark Price: measures the rate at which housing prices change over time taking into account the type of homes sold. It is a more stable price indicator than average prices, because it tracks changes of “middle-of-the-range” or “typical” homes and excludes the extreme high-end and low-end properties. Typical homes are defined by the various quantitative property attributes (e.g. above ground living area in square feet) and qualitative housing features (e.g. proximity to shopping, schools, transportation, hospitals etc.)

The Market’s Up

The whole Greater Vancouver & Fraser Valley market is trending upward. This means it may be a good time to sell your home! Get a free listing consultation, and check out how we can make selling your home easy with innovative techniques that will show off the value of your home here!

Coquitlam Listings

Coquitlam detached homes saw an increase +10.2%, but the market prices are rising fast! It’s also an area we know well and specialize in. If you’re looking to move into a quickly developing suburb, check out current listings here, and don’t let the opportunity pass you by!

Interested in knowing the estimated value of your home? 

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Tri-Cities Real Estate Market December 2020