vancouver east DETACHED - JULY 2 0 2 4
SALES TO LISTINGS RATIO 15% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 36% VS 2023
▼ 1.5% VS 2023
▼ 3% VS 2023
▼ 1.1% VS 2023
There were 601 detached listings in Vancouver East in July, 1.3% above June and 36% higher than July 2023. July detached home sales increased by 19% month-over-month, to 88, and were 1.1% below July 2023. The sales-to-listing ratio for detached in Vancouver East, at 15%, reflected a balanced market.
THIS MONTH No. $2,080,686 $1,964,000 15% 88 601
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$2,113,005 $2,020,000 20% 89 443
-1.5% -3% -27% -1.1% 36%
$2,105,908 $2,097,500 12% 74 593
-1.2% -6% 17% 19% 1.3%
The detached median price in July was $1,964,000, a 6% decrease from June and 3% below July 2023.
The average sold price was $2,080,686, 1.2% below last month and down 1.5% to July 2023.
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
601
561
516
593
503
491
485
1.83
1.81
443
1.71
1.68
437
414
1.61
1.57
382
377
357
116
104
81
78
64
89
88
47
38
74
74
67
59
$2.05M
$2.02M $1.95M $1.90M
$2.02M $2.10M $1.96M
$1.93M $1.82M $1.87M
$1.87M $1.96M $1.99M
23-Jul
24-Jun
24-Jul
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
200
150
50%
100
23%
19%
50
15%
13%
3%
3%
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
S-L RATIO SALES INVENTORY
2 1 50%
16 3 19%
199 46 23%
135 20 15%
106 14 13%
109 3 3%
29 1 3%
3 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 August 6, 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. 47 ●
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