vancouver east TOWNHOME - JANUARY 2 0 2 4
SALES TO LISTINGS RATIO 21% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 8% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 35% VS 2023
▲ 16% VS 2023
▲ 9% VS 2023
▲ 129% VS 2023
There were 75 townhome listings in Vancouver East in January, 12% above December and 9% higher than January 2023. January townhome sales increased by 78% month-over-month, to 16, and were 129% above January 2023. The sales-to-listing ratio for townhomes in Vancouver East, at 21%, reflected a sellers' market. The townhome median price in January was $1,041,000, a 5% decrease from December and 16% above January 2023. The average sold price was $1,191,034, 3% below last month; the average PSF sale price was $928, up 2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
16 75
$863 $880,979 $898,900 10% 7 69
110% 129% 9%
$906 $1,225,189 $1,100,700 13% 9 67
2% -3% -5% 59% 78% 12%
$928 $1,191,034 $1,041,000 21%
8% 35% 16%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JAN 2023 ● JAN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
96
98
88
85
85
82
75
77
69
73
73
69
67
38
37
37
30
24
27
16
9
20
17
15
7
11
$1.29M
$1.11M $1.10M $1.18M
$1.12M $1.20M
$1.09M
$1.08M $1.11M $1.10M $1.04M
$1.00M
$899K
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
25
1
4+ bdrms
20
9
78%
15
12
3 bdrms
44
10
33%
3
2 bdrms
20%
5
14%
20
13% 10%
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
2
S-L RATIO SALES INVENTORY
1 0 n/a
3 1 33%
9 7 78%
23 3 13%
20 2 10%
14 2 14%
5 1 20%
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. 48 ●
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