vancouver east CONDO - AUGUST 2 0 2 4
SALES TO LISTINGS RATIO 16% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.9% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 55% VS 2023
▼ 1.1% VS 2023
▼ 4% VS 2023
▼ 36% VS 2023
There were 512 condo listings in Vancouver East in August, 4% below July and 55% higher than August 2023. August condo sales decreased by 30% month-over-month, to 81, and were 36% below August 2023. The sales-to-listing ratio for condos in Vancouver East, at 16%, reflected a balanced market. The condo median price in August was $648,000, a 9% decrease from July and 4% below August 2023. The average sold price was $726,928, 5% below last month; the average PSF sale price was $978, up 0.5% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 127 331
% Change
No. 115 533
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$978 $726,928 $648,000 16% 81 512
0.9% -1.1% -4% -59% -36% 55%
0.5% -5% -9% -27% -30% -4%
$969 $734,685 $678,000 38%
$973 $765,464 $712,000 22%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● AUG 2023 ● AUG 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
515
550
512
542
533
427
419
410
402
462
331
357
312
144
138
128
118
115
101
127
128
81
97
76
70
61
$740K
$733K
$712K
$700K
$700K
$688K
$685K
$683K
$678K
$678K
$658K
$648K
$618K
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
4+ bdrms
150
8
5
100
3 bdrms
41
26%
31
50
2 bdrms
15% 13% 14%
13%
214
0
45
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
121 31 26%
178 27 15%
108 14 13%
59 8 14%
8 0 n/a
22 0 n/a
8 0 n/a
8 1 13%
249
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. 50 ●
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