vancouver east DETACHED - JANUARY 2 0 2 4
SALES TO LISTINGS RATIO 11% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 11% VS 2023
▲ 17% VS 2023
▲ 11% VS 2023
▲ 15% VS 2023
There were 357 detached listings in Vancouver East in January, 7% below December and 11% higher than January 2023. January detached home sales decreased by 21% month-over-month, to 38, and were 15% above January 2023. The sales-to-listing ratio for detached in Vancouver East, at 11%, reflected a buyers' market. The detached median price in January was $1,872,500, a 4% increase from December and 17% above January 2023. The average sold price was $1,928,080, 0.7% below last month and up 11% to January 2023.
THIS MONTH No. $1,928,080 $1,872,500 11% 38 357
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,741,364 $1,600,000 10% 33 321
11% 17% 4% 15% 11%
$1,940,768 $1,809,000 13% 48 382
-0.7% 4% -15% -21% -7%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
448
443
503
491
485
437
1.80
1.78
1.78
332
390
357
382
1.64
360
321
332
1.52
1.39
124
93
81
78
48
95
89
75
67
38
33
59
56
$2.05M
$1.95M $2.03M $2.01M $2.02M $1.95M $1.90M
$1.93M $1.81M $1.87M
$1.74M $1.80M
$1.60M
23-Jan
23-Dec
24-Jan
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
100
80
60
40
31%
19%
20
16%
3%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M
$3M+
S-L RATIO SALES INVENTORY
13 4 31%
94 18 19%
86 14 16%
71 2 3%
93 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 February 7, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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.
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