the vancouver rennie advance | October 2024

highlights • N ew M LS listingsjum ped significantlyin Septem berto 9,215,a41% increasefrom lastm onth versusthetypicalAugust-to-Septem berriseof19%.Thiswas14% higherthan Septem ber2023 (8,095 new listings). • Septem bersaw thethird-m ostnew listingsofanym onth thisyear,behind 10,935 in Apriland 9,726 in M ay.Relativeto theprior10-yearSeptem beraverage(of7,618),new listingswereup 21%. • N ew condo listingswerethem ostelevated at30% abovetheirprior10-yearSeptem beraverage (to3,946)versus21% fortownhom es(to1,549)and 4% fordetached hom es(to3,315).

VANCOUVERREGION THERENNIEADVANCE new listings

SEPTEMBER 2024

7,000

+ 9% vsSep 2023

6,000

5,000

4,000

3,187 10 yrSep Avg

3,000

3,315

2,000

DETACHED new listings

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1,000

+ 4% vs10yrSep Avg

● Septem ber ﹍ 10 yrSeptem berAverage

+ 17% vsSep 2023

2,500

2,000

1,500

1,549

1,283 10 yrSep Avg

1,000

TOWNHOME new listings

500

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0

+ 21% vs10yrSep Avg

● Septem ber ﹍ 10 yrSeptem berAverage

5,000

+ 15% vsSep 2023

4,000

3,946

3,000

3,040 10 yrSep Avg

2,000

CONDO new listings

1,000

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0

+ 30% vs10yrSep Avg

● Septem ber ﹍ 10 yrSeptem berAverage

Copyright© October1,2024ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofOctober1,2024.Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ation shouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom aren ieandas ociates advisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.

4

Made with FlippingBook - professional solution for displaying marketing and sales documents online