vancouver east CONDO - FEBRUARY 2 0 2 5
SALES TO LISTINGS RATIO 20% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 4% VS 2024
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 4% VS 2024
▲ 11% VS 2024
▼ 5% VS 2024
▼ 22% VS 2024
There were 463 condo listings in Vancouver East in February, 14% above January and 11% higher than February 2024. February condo sales increased by 26% month-over-month, to 92, and were 22% below February 2024. The sales-to-listing ratio for condos in Vancouver East, at 20%, re'ected a balanced market. The condo median price in February was $702,500, a 0.5% increase from January and 4% above February 2024. The average sold price was $750,340, 1.7% above last month; the average PSF sale price was $955, up 0.2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 118 419
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$955 $750,340 $702,500 20% 92 463
-29% -22% 11%
$953 $737,867 $699,000 18% 73 405
0.2% 1.7% 0.5% 10% 26% 14%
$996 $791,006 $677,500 28%
-4% -5% 4%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● FEB 2024 ● FEB 2025
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
515
493
555
550
542
536
533
512
463
462
419
405
375
144
138
128
128
118
115
110
118
128
92
90
80
73
$740K
$733K
$712K
$700K
$703K
$695K
$699K
$683K
$689K
$678K
$675K
$661K
$647K
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
150
4+ bdrms
1
100
6
3 bdrms
30
33%
50
24% 21%
36
18%
17%
2 bdrms
12%
195
8%
0
50
<$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
136 23 17%
157 38 24%
94 20 21%
40 7 18%
17 2 12%
12 1 8%
3 1 33%
4 0 n/a
237
Copyright © 2025 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 March 10, 2025. 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