the vancouver rennie advance | May 2024

highlights • O n am onth-over-m onth basis,theG reaterVancouverboard areasaw an increaseof0.1% in m edian sold prices(averaged acros hom etypes),w hiletheFraserValey experienced adeclineof 0.2%.In G reaterVancouver,townhom eand condo pricesfel by0.5% and 0.7% respectively,while detached hom epricesroseby1.6%.In theFraserValeydetached pricesgrew by0.7%,while townhom epricesfel by1.2%,and condopriceswereflat. • O n ayear-over-yearbasis,m edian sold pricesin both theG reaterVancouverand FraserValey board areasw erehigher,by 3% (on averageacros types)and 4% ,respectively.In G reater Vancouver,detached hom epriceswere3% higher,townhom epriceswere4% higher,whilecondos were1.4% higher.In theFraserValey,detached hom epriceswere3% higher,townhom esprices were2% higher,whilecondopriceswere8% higher.

VANCOUVERREGION THERENNIEADVANCE median prices

APRIL2024

$2,000,000

+ 3% vsApr2023 Greater Vancouver

$1.94M

$1,600,000

$1.50M

$1,200,000

$800,000

DETACHED median salesprice

FraserV aley

$400,000

+ 3% vsApr2023

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0

━ G reaterVancouver ━ FraserValey

● April

$1,200,000

+ 4% vsApr2023 Greater Vancouver

$1,090,000

$1,000,000

$800,000

$855,000

$600,000

$400,000

TOWNHOME median salesprice

FraserV aley

$200,000

+ 2% vsApr2023

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0

━ G reaterVancouver ━ FraserValey

● April

$1,000,000

+ 1% vsApr2023 Greater Vancouver

$800,000

$729,900

$600,000

$549,900

$400,000

CONDO median salesprice

FraserV aley

$200,000

+ 8% vsApr2023

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0

━ G reaterVancouver ━ FraserValey

● April

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