vancouver east CONDO - JULY 2 0 2 4
SALES TO LISTINGS RATIO 22% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 4% VS 2023
▲ 41% VS 2023
▼ 0.1% VS 2023
▼ 9% VS 2023
There were 533 condo listings in Vancouver East in July, 3% below June and 41% higher than July 2023.
July condo sales decreased by 10% month-over-month, to 115, and were 9% below July 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 126 377
% Change
No. 128 550
% Change
The sales-to-listing ratio for condos in Vancouver East, at 22%, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
115 533
-3% 4% -0.1% -35% -9% 41%
-1.6% 3% 4% -7% -10% -3%
The condo median price in July was $712,000, a 4% increase from June and 0.1% below July 2023. The average sold price was $765,420, 3% above last month; the average PSF sale price was $973, down 1.6% to last month.
$973 $765,420 $712,000 22%
$1,007 $735,174 $713,000 33%
$989 $741,482 $682,500 23%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUL 2023 ● JUL 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
515
533
550
542
427
419
410
402
462
377
357
331
312
144
138
127
128
118
101
126
115
128
97
76
70
61
$740K
$733K
$713K
$712K
$700K
$700K
$688K
$685K
$683K
$678K
$678K
$658K
$618K
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
4+ bdrms
150
7
9
100
3 bdrms
43
38%
25% 23% 23%
48
50
2 bdrms
15%
10%
229
0
58
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
128 32 25%
177 41 23%
122 28 23%
59 9 15%
8 3 38%
20 2 10%
10 0 n/a
9 0 n/a
254
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. 50 ●
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