vancouver east DETACHED - MARCH 2 0 2 4
SALES TO LISTINGS RATIO 18% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 15% VS 2023
▲ 9% VS 2023
▲ 25% VS 2023
▼ 20% VS 2023
There were 414 detached listings in Vancouver East in March, 10% above February and 25% higher than March 2023. March detached home sales increased by 17% month-over-month, to 74, and were 20% below March 2023. The sales-to-listing ratio for detached in Vancouver East, at 18%, reflected a balanced market.
THIS MONTH No. $2,090,442 $1,961,250 18% 74 414
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,824,746 $1,800,000 28% 93 332
15% 9% -36% -20% 25%
$1,923,734 $1,863,888 17% 63 377
17% 10%
The detached median price in March was $1,961,250, a 5% increase from February and 9% above March 2023.
9% 5% 7%
The average sold price was $2,090,442, 9% above last month and up 15% to March 2023.
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
448
443
503
491
485
414
437
1.80
1.73
390
382
377
332
360
357
1.61 1.66
1.59
1.50
123
81
78
93
63
48
74
38
95
89
75
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
$1.80M
23-Mar
24-Feb
24-Mar
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
100
80
60
32%
40
24%
23%
10%
20
6%
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 0 n/a
13 3 23%
109 35 32%
97 23 24%
83 8 10%
89 5 6%
17 0 n/a
1 0 n/a
3 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 April 10, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listings 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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