vancouver east ½-DUPLEX - MARCH 2 0 2 4
SALES TO LISTINGS RATIO 27% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 4% VS 2023
▲ 6% VS 2023
▲ 51% VS 2023
▲ 17% VS 2023
There were 203 ½-duplex listings in Vancouver East in March, 7% above February and 51% higher than March 2023. March ½-duplex sales increased by 20% month-over-month, to 54, and were 17% above March 2023. The sales-to-listing ratio for ½-duplexes in Vancouver East, at 27%, reflected a sellers' market. The ½-duplex median price in March was $1,662,000, a 4% increase from February and 6% above March 2023. The average sold price was $1,666,491, 1.6% above last month; the average PSF sale price was $1,022, down 3% to last month.
THIS MONTH No. $1,022 $1,666,491 $1,662,000 27% 54 203
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$997 $1,607,107 $1,567,500 34% 46 134
2% 4% 6% -23% 17% 51%
$1,054 $1,640,637 $1,600,000 24% 45 190
-3% 1.6% 4% 12% 20% 7%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● MAR 2023 ● MAR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
225
190
203
185
205
186
154
148
174
149
134
128
115
52
43
39
54
46
27
16
45
40
36
27
26
23
$1.75M
$1.57M $1.57M $1.59M
$1.55M $1.61M $1.55M $1.60M $1.59M $1.59M $1.58M $1.60M $1.66M
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
80
25
4+ bdrms
70
102
60
67%
50
27
3 bdrms
95
40
36%
30
25%
2
19%
2 bdrms
20
17%
6
10
0
<2 bdrms
<$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
0 1 n/a
3 2 67%
48 9 19%
79 20 25%
53 19 36%
18 3 17%
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 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. 48 ●
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