vancouver east ½-DUPLEX - AUGUST 2 0 2 4
SALES TO LISTINGS RATIO 18% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 1.6% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 34% VS 2023
▲ 38% VS 2023
▼ 2% VS 2023
▼ 0.9% VS 2023
There were 200 ½-duplex listings in Vancouver East in August, 13% below July and 34% higher than August 2023. August ½-duplex sales decreased by 10% month-over-month, to 36, and were 38% above August 2023. The sales-to-listing ratio for ½-duplexes in Vancouver East, at 18%, reflected a balanced market. The ½-duplex median price in August was $1,594,000, a 0.2% decrease from July and 0.9% below August 2023. The average sold price was $1,633,799, 0.1% below last month; the average PSF sale price was $1,020, down 0.8% to last month.
THIS MONTH No. $1,020 $1,633,799 $1,594,000 18% 36 200
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,036 $1,670,077 $1,609,000 17% 26 149
38% 34%
$1,028 $1,635,182 $1,597,500 17% 40 230
-0.8% -0.1% -0.2% 3% -10% -13%
-1.6% -2% -0.9% 3%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● AUG 2023 ● AUG 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
225
230
202
223
221
190
200
185
207
205
186
174
149
61
54
43
40
27
36
46
16
44
26
40
27
23
$1.66M $1.55M $1.64M $1.59M $1.60M $1.59M
$1.61M $1.55M $1.60M $1.59M $1.59M
$1.53M $1.60M
VANCOUVER EAST
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
80
100%
70
15
4+ bdrms
104
60
50
20
3 bdrms
40
93
30
1
23%
20%
20
19%
2 bdrms
3
10%
10
0
<2 bdrms
<$1M $1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M+
S-L RATIO SALES INVENTORY
1 1 100%
3 0 n/a
45 9 20%
73 17 23%
60 6 10%
16 3 19%
2 0 n/a
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of September 9, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 48 ●
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