vancouver east TOWNHOME - MARCH 2 0 2 4
SALES TO LISTINGS RATIO 25% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 7% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 17% VS 2023
▲ 22% VS 2023
▲ 44% VS 2023
▼ 30% VS 2023
There were 105 townhome listings in Vancouver East in March, 11% above February and 44% higher than March 2023. March townhome sales increased by 24% month-over-month, to 26, and were 30% below March 2023. The sales-to-listing ratio for townhomes in Vancouver East, at 25%, reflected a sellers' market. The townhome median price in March was $1,217,000, a 4% increase from February and 22% above March 2023. The average sold price was $1,231,790, 7% above last month; the average PSF sale price was $902, up 6% to last month.
THIS MONTH No. $902 $1,231,790 $1,217,000 25% 26 105
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
37 73
7% 17% 22% -51% -30% 44%
21 95
12% 24% 11%
$844 $1,053,902 $1,000,000 51%
$848 $1,154,813 $1,175,000 22%
6% 7% 4%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● MAR 2023 ● MAR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
105
98
96
95
88
85
85
73
77
75
73
69
67
38
37
37
30
24
26
16
27
9
21
17
15
11
$1.29M
$1.18M $1.22M
$1.11M $1.10M $1.18M
$1.12M $1.20M
$1.08M $1.11M $1.10M $1.04M
$1.00M
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
30
4
25
4+ bdrms
9
20
12
3 bdrms
15
58
33%
32%
10
29% 26%
10
2 bdrms
34
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
2 0 n/a
7 0 n/a
19 6 32%
28 8 29%
23 6 26%
18 6 33%
5 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. 49 ●
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