vancouver east TOWNHOME - AUGUST 2 0 2 4
SALES TO LISTINGS RATIO 29% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.6% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▲ 7% VS 2023
▲ 43% VS 2023
▲ 71% VS 2023
There were 99 townhome listings in Vancouver East in August, 2.0% below July and 43% higher than August 2023. August townhome sales increased by 45% month-over-month, to 29, and were 71% above August 2023. The sales-to-listing ratio for townhomes in Vancouver East, at 29%, reflected a sellers' market. The townhome median price in August was $1,198,000, a 1.6% decrease from July and 7% above August 2023. The average sold price was $1,153,065, 5% below last month; the average PSF sale price was $876, down 2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
29 99
17 69
0.6% 3% 7% 19% 71% 43%
$894 $1,210,084 $1,217,500 20% 20 101
48% 45% -2%
$876 $1,153,065 $1,198,000 29%
$871 $1,121,449 $1,118,500 25%
-2% -5% -1.6%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● AUG 2023 ● AUG 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
111
106
117
116
98
95
99
88
101
85
75
69
67
42
26
24
29
16
29
28
17
9
21
20
15
11
$1.20M
$1.18M $1.22M
$1.15M $1.14M $1.22M $1.20M
$1.12M
$1.10M
$1.08M $1.11M $1.10M $1.04M
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
100%
25
1
4+ bdrms
7
20
20
15
3 bdrms
58
40%
36%
10
25%
8
22%
2 bdrms
17%
31
5
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
3
S-L RATIO SALES INVENTORY
4 1 25%
4 4 100%
14 5 36%
23 5 22%
25 10 40%
23 4 17%
4 0 n/a
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. 49 ●
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