Marpole, Vancouver House Market Report – August 2020

Marpole is a dense and increasingly popular neighbourhood at the southern end of Vancouver, situated along the Fraser River between the Granville Street and Oak Street bridges. Historically one of Vancouver's more affordable westside communities, Marpole is undergoing significant transformation with new condo and townhouse developments attracting young families and first-time buyers who value the combination of the Canada Line's Marine Drive station and the neighbourhood's improving amenity base. Real estate in Marpole ranges from older apartment buildings and character homes to newer concrete condos along Granville Street and Oak Street. The Marine Drive retail strip offers a growing selection of restaurants and services, while the nearby Marpole-Oakridge Community Centre provides recreational programming. YVR is approximately 20 minutes via the Canada Line, making Marpole particularly attractive to airport-area workers and frequent travellers.

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6
Units Sold
$2,136,167
Avg Sold Price
9d
Avg Days on Market
Seller's Market
Market Condition
30 active at start of month 18 new listings Absorption rate: 20% Highest sold: $2,300,000 Lowest sold: $1,729,000

How Does August 2020 Compare?

Period Units Sold Avg Sold Price Avg DOM
August 2020 (this report) 6 $2,136,167 9d
July 2020 month prior 5 +20% $1,907,300 +12% 41d -78%

3-Year Price Trend — Marpole, Vancouver House

The Marpole, Vancouver house real estate market was a Seller's Market in August 2020, with 30 active listings at the start of the month, 6 properties sold, an average sold price of $2,136,167, properties averaging 9 days on market, an absorption rate of 20%. All data is sourced from MLS® sold records.
Hani Faraj – RE/MAX Crest Realty
Prepared by
Hani Faraj
RE/MAX Crest • 604-229-3342
Your Marpole, Vancouver specialist
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Frequently Asked Questions — Marpole, Vancouver August 2020

In August 2020, the Marpole, Vancouver house real estate market is classified as a Seller's Market with an absorption rate of 20%. It is currently a seller's market in Marpole, Vancouver. While demand is elevated, qualified buyers can still find opportunities. Always consult a licensed REALTOR® to assess your specific situation.

Last Update: 06/03/2026   Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.

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