Greater Vancouver & Fraser Valley Market

August 2021

CITY (ALPHABETICAL)SINGLE-FAMILY HOME BENCHMARK PRICESINGLE-FAMILY 1-YEAR PRICE CHANGETOWNHOME BENCHMARK PRICECONDO BENCHMARK PRICE
Abbotsford$ 1,152,700+35.6%$ 598,300$ 386,000
Burnaby East$1,472,200+17.1%$689,000$730,800
Burnaby North$1,761,800+19.3%$828,900$721,700
Burnaby South$1,788,100+15.0%$757,700$684,800
Coquitlam$1,508,600+22.7%$848,900$586,600
Delta - North$ 1,208,700+29.2%$ 680,400$ 401,500
Ladner$1,287,300+28.1%$764,200$571,300
Langley$ 1,381,800+29.6%$ 723,100$ 473,700
Maple Ridge$1,138,700+32.8%$686,900$427,800
Mission$ 955,70037.1%$ 604,800$ 431,000
New Westminster$1,328,500+20.9%$845,400$567,100
North Vancouver$1,865,800+15.5%$1,140,100$649,600
Pitt Meadows$1,199,500+27.2%$762,900$544,300
Port Coquitlam$1,249,300+25.7%$797,700$523,200
Port Moody$1,855,700+26.5%$766,300$723,000
Richmond$1,920,400+18.3%$938,400$713,400
Surrey - Central$ 1,405,400+32.1%$ 707,800$ 486,700
Surrey - Cloverdale$ 1,403,500+31.7%$ 731,100$ 531,800
Surrey - North$ 1,319,200+31.6%$ 668,900$ 465,500
Tsawwassen$1,406,200+22.7%$850,300$637,400
Vancouver East$1,689,700+12.4%$1,021,300$629,500
Vancouver West$3,462,200+12.2%$1,286,600$825,000
West Vancouver$3,088,900+15.6%-$1,102,400
White Rock/South Surrey$ 1,713,800+22.8%$ 822,700$ 575,200

*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 of +21.4%, 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? 

Do you like our blog?

Sign up for our newsletter to get tips, stats and market updates sent to your email!

© Copyright - Bridgewell Real Estate Group . All rights reserved.