RE/MAX Oceanview Realty Weekly Report | Sept 28 - Oct 4, 2021

The statistics for September are in. There were 70 sales of detached homes. That’s close to August’s total of 67, but well off the September 2020 total of 92. The Benchmark Price – that is, the price of an average home in an average area – rose 2.4% to $867,700, representing yet another all-time high for detached homes on the Coast. Year-to-date sales total 659, a large increase over the 523 sales last year. Apartments and townhome sales thus far this year total 205, well up from the 129 sales this time last year. With the increasing popularity of attached homes and the decreased supply, we expect prices to rise. Land sales remained steady with 9 sales in September and August, but with 159 sales year-to-date, we’re up almost 100% from this time last year. Land prices appear to be holding steady at the moment; we feel rising construction costs may be capping any immediate increases. Are you thinking of selling? There’s never been a better time to market your home. Call US FIRST!

Click to view full report

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.