October '20 - Greater Vancouver Real Estate Review - September Results
September'20 sales were dominant once again. Sales volumes skyrocketed in the detached home and townhouse segments by 70+% over same period last year! Prices are up just shy of 6% over the last year.
Fraser Valley saw sales volumes in the 60+% over same period last year. The big story in the FV is that prices have gone up by 15% in the last year!
Inventory in both macro-markets is failing to keep up. I expect prices to skyrocket in the on-coming months as we are 4-months into a Sellers market and low in inventory and record-setting interest rates for Buyers.