the vancouver rennie review | August 2024

vancouver east ½-DUPLEX - JULY 2 0 2 4

SALES TO LISTINGS RATIO 18% BALANCED MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

AVERAGE PSF PRICE ▼ 3% VS 2023

MEDIAN PRICE

TOTAL INVENTORY

SALES

▲ 4% VS 2023

▲ 3% VS 2023

▲ 48% VS 2023

▲ 3% VS 2023

There were 228 ½-duplex listings in Vancouver East in July, 4% above June and 48% higher than July 2023.

July ½-duplex sales remained the same month-over-month, at 40, and were 3% above July 2023.

THIS MONTH No. $1,028 $1,635,182 $1,597,500 18% 40 228

PREVIOUS MONTH

PREVIOUS YEAR

No.

% Change

No.

% Change

The sales-to-listing ratio for ½-duplexes in Vancouver East, at 18%, reflected a balanced market.

TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

$1,058 $1,568,900 $1,550,000 25% 39 154

-3% 4% 3% -31% 3% 48%

$1,020 $1,659,600 $1,591,250 18% 40 220

0% 4%

The ½-duplex median price in July was $1,597,500, a 0.4% increase from June and 3% above July 2023. The average sold price was $1,635,182, 1.5% below last month; the average PSF sale price was $1,028, up 0.7% to last month.

0.7% -1.5% 0.4% -4%

▶ AVG PRICE PER SQUARE FOOT

▶ RECENT TRENDS

● JUL 2023 ● JUL 2024

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

225

228

205

202

223

220

190

185

207

186

174

154

149

61

54

43

27

40

39

46

16

44

40

27

26

23

$1.66M $1.55M $1.64M $1.59M $1.60M

$1.55M $1.61M $1.55M $1.60M $1.59M $1.59M

$1.53M $1.60M

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

100%+

80

24

4+ bdrms

110

60

14

3 bdrms

50%

111

40

2

20

20%

19% 17%

2 bdrms

6

11%

0

<$1M $1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M+

S-L RATIO SALES INVENTORY

<2 bdrms

2 0 n/a

3 4 133%

47 9 19%

83 14 17%

66 7 11%

25 5 20%

2 1 50%

1

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. 48 ●

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