vancouver east CONDO - MARCH 2 0 2 4
SALES TO LISTINGS RATIO 28% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 6% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 9% VS 2023
▲ 10% VS 2023
▲ 38% VS 2023
▲ 15% VS 2023
There were 461 condo listings in Vancouver East in March, 10% above February and 38% higher than March 2023. March condo sales increased by 8% month-over-month, to 128, and were 15% above March 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 111 334
% Change
No. 118 418
% Change
The sales-to-listing ratio for condos in Vancouver East, at 28%, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
128 461
6% 9% 10% -16% 15% 38%
3% -1.7% 8% -1.6% 8% 10%
The condo median price in March was $732,500, a 8% increase from February and 10% above March 2023. The average sold price was $777,604, 1.7% below last month; the average PSF sale price was $1,023, up 3% to last month.
$1,023 $777,604 $732,500 28%
$967 $712,497 $665,000 33%
$996 $791,006 $677,500 28%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● MAR 2023 ● MAR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
461
427
418
410
402
377
358
334
363
357
353
331
312
161
156
127
118
101
128
111
126
114
97
76
70
61
$748K
$733K
$713K
$701K
$700K
$688K
$685K
$678K
$678K
$665K
$657K
$658K
$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
9
100
3 bdrms
44
39%
27% 26%
25%
50
52
20%
2 bdrms
11%
204
0
67
<$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
89 35 39%
171 47 27%
116 30 26%
50 10 20%
18 2 11%
12 3 25%
5 0 n/a
0 1 n/a
213
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. 50 ●
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