vancouver east CONDO - OCTOBER 2 0 2 4
SALES TO LISTINGS RATIO 24% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 0.3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 25% VS 2023
▲ 27% VS 2023
▼ 0.4% VS 2023
▼ 6% VS 2023
There were 535 condo listings in Vancouver East in October, 3% below September and 25% higher than October 2023. October condo sales increased by 16% month-over-month, to 128, and were 27% above October 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 101 427
% Change
No. 110 554
% Change
The sales-to-listing ratio for condos in Vancouver East, at 24%, re(ected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
128 535
27% 25%
20% 16% -3%
The condo median price in October was $660,500, a 2% decrease from September and 6% below October 2023. The average sold price was $713,303, 5% below last month; the average PSF sale price was $954, down 1.9% to last month.
$954 $713,303 $660,500 24%
$958 $716,288 $700,000 24%
-0.3% -0.4% -6% 1.1%
$973 $748,652 $675,000 20%
-1.9% -5% -2%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● OCT 2023 ● OCT 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
515
535
554
550
542
533
512
419
410
427
462
357
312
144
138
128
118
115
110
128
101
128
80
76
70
61
$740K
$733K
$712K
$700K
$700K
$685K
$683K
$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
200
4+ bdrms
4
150
5
3 bdrms
100
47
33%
27%
23%
51
50
16%
2 bdrms
13%
216
9%
6%
0
72
<$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
134 44 33%
189 51 27%
123 20 16%
44 10 23%
11 1 9%
17 1 6%
8 1 13%
9 0 n/a
268
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. 50 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online