vancouver east TOWNHOME - OCTOBER 2 0 2 4
SALES TO LISTINGS RATIO 33% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 17% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 10% VS 2023
▲ 10% VS 2023
▲ 18% VS 2023
▲ 58% VS 2023
There were 116 townhome listings in Vancouver East in October, 6% below September and 18% higher than October 2023. October townhome sales increased by 138% month-over-month, to 38, and were 58% above October 2023. The sales-to-listing ratio for townhomes in Vancouver East, at 33%, re(ected a sellers' market. The townhome median price in October was $1,180,000, a 3% increase from September and 10% above October 2023. The average sold price was $1,229,783, 2% above last month; the average PSF sale price was $929, up 4% to last month.
THIS MONTH No. $929 $1,229,783 $1,180,000 33% 38 116
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change 17% 10% 10% 34% 58% 18%
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
24 98
$891 $1,204,281 $1,143,750 13% 16 123
152% 138% -6%
$796 $1,121,625 $1,075,000 24%
4% 2% 3%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● OCT 2023 ● OCT 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
117
116
123
112
116
106
95
98
88
103
100
75
67
42
38
29
26
24
16
29
28
9
21
20
16
15
$1.22M $1.20M $1.14M $1.18M
$1.18M $1.22M
$1.10M $1.15M $1.14M
$1.08M $1.11M $1.10M $1.04M
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
35
100%
1
30
4+ bdrms
9
25
25
20
3 bdrms
66
15
41%
33% 32%
32%
12
10
20%
2 bdrms
37
5
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
4
S-L RATIO SALES INVENTORY
4 0 n/a
5 1 20%
25 8 32%
32 13 41%
24 8 33%
22 7 32%
1 1 100%
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 November 12, 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. 49 ●
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