vancouver east CONDO - NOVEMBER 2 0 2 4
SALES TO LISTINGS RATIO 24% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▲ 5% VS 2023
▲ 20% VS 2023
▲ 55% VS 2023
There were 493 condo listings in Vancouver East in November, 8% below October and 20% higher than November 2023. November condo sales decreased by 8% month-over-month, to 118, and were 55% above November 2023. The sales-to-listing ratio for condos in Vancouver East, at 24%, reflected a sellers' market. The condo median price in November was $688,950, a 4% increase from October and 5% above November 2023. The average sold price was $706,734, 0.9% below last month; the average PSF sale price was $943, down 1.2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No. 128 536
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
118 493
$965 $684,436 $658,000 19% 76 410
-2% 3% 5% 29% 55% 20%
-8% -8%
$943 $706,734 $688,950 24%
$954 $713,303 $660,500 24%
-1.2% -0.9% 4% 0.2%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2023 ● NOV 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
515
555
550
542
536
533
493
512
419
410
462
357
312
144
138
128
128
118
115
110
118
128
76
80
70
61
$740K
$733K
$712K
$700K
$685K
$683K
$689K
$678K
$675K
$658K
$661K
$647K
$618K
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
4+ bdrms
150
3
6
100
3 bdrms
46
29% 30%
23%
50
54
2 bdrms
195
9%
7%
0
58
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
124 36 29%
172 52 30%
110 25 23%
45 4 9%
15 1 7%
14 0 n/a
6 0 n/a
7 0 n/a
249
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 December 9, 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. 50 ●
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