highlights • O n am onth-over-m onth basis,theG reaterVancouverboard areasaw adecreaseof1.4% in m edian sold prices(averaged acros hom etypes),w hiletheFraserValey experienced an increase of0.9%.In G reaterVancouver,m edian detached priceswereup 0.3%,townhom epriceswere down 4.4% ,and condo priceswereflat.In theFraserValey,m edian detached priceswereup 2.1%,townhom epricesdeclined 0.3%,and condopricesrose0.9%. • O n ayear-over-yearbasis,m edian sold pricesin G reaterVancouverw eredow n 1.8% (averaged acros hom etypes),whilein theFraserValeyboard theyweredown 0.4%.In G reaterVancouver, m edian detached hom epriceswere1.1% lower,townhom epriceswere4% lower,and condoswere flat.In theFraserValey,detached hom epriceswereflat,townhom espriceswereup 0.6% ,and condopricesweredown 1.9%.
VANCOUVERREGION THERENNIEADVANCE median prices
AUGUST2024
•
$2,000,000
- 1% vsAug2023 Greater Vancouver
$1.88M
$1,600,000
$1.48M
$1,200,000
$800,000
DETACHED median salesprice
FraserV aley
$400,000
- vsAug2023
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0
━ G reaterVancouver ━ FraserValey
● August
$1,200,000
- 4% vsAug2023 Greater Vancouver
$1,000,000
$1,018,000 $829,900
$800,000
$600,000
$400,000
TOWNHOME median salesprice
FraserV aley
$200,000
+ 1% vsAug2023
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0
━ G reaterVancouver ━ FraserValey
● August
$1,000,000
- vsAug2023 Greater Vancouver
$800,000
$720,000
$600,000
$529,900
$400,000
CONDO median salesprice
FraserV aley
$200,000
- 2% vsAug2023
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0
━ G reaterVancouver ━ FraserValey
● August
Copyright© 2024ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofSeptem ber3,2024.Aldatafrom RealEstateBoardofGreaterVancouver andFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtake stepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 6 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online