vancouver east DETACHED - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 22% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 2% VS 2023
▲ 44% VS 2023
▲ 55% VS 2023
▼ 0.4% VS 2023
There were 518 detached listings in Vancouver East in April, 25% above March and 44% higher than April 2023. April detached home sales increased by 57% month-over-month, to 116, and were 55% above April 2023. The sales-to-listing ratio for detached in Vancouver East, at 22%, reflected a sellers' market.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
116 518
$2,027,692 $1,950,000 21% 75 360
55% 44%
$2,090,442 $1,961,250 18% 74 414
-3% 1.7% 25% 57% 25%
The detached median price in April was $1,994,950, a 1.7% increase from March and 2% above April 2023.
$2,019,877 $1,994,950 22%
-0.4% 2% 7%
The average sold price was $2,019,877, 3% below last month and down 0.4% to April 2023.
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
491
518
485
448
443
503
1.81
437
1.76
414
360
390
1.69
382
377
357
1.61 1.66
1.49
123
116
81
78
63
48
75
38
95
89
74
67
59
$2.05M
$1.95M $2.00M $2.01M $2.02M $1.95M $1.90M
$1.93M $1.81M
$1.87M $1.86M $1.96M $1.99M
23-Apr
24-Mar
24-Apr
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
160
140
120
100
80
36%
35%
33%
33%
60
40
8%
20
2%
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
3 1 33%
18 6 33%
150 52 35%
130 47 36%
98 8 8%
100 2 2%
16 0 n/a
1 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 May 8, 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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