CONDO JUNE vancouver east
AVERAGE PRICE
AVERAGE PSF PRICE 8 % UP
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
21 % DOWN
SELLER’S 29 %
6 % UP
46 % UP
Condo listings in Vancouver East increased 17% month-over-month (to 442) while June’s listings were down 21% year-over-year. Condo sales increased by 71% fromMay (to 130) and were 46% higher vs last year. The sales-to-listings ratio increased to 29%, as Vancouver East’s condo segment transitioned to seller’s market territory. June’s condo benchmark price was $588,400, 1.2% lower month-over-month but 3% above this time last year. The average sold price was $639,897, a 1% decrease from last month, with an average PSF sales price of $856, 0.5% below last month.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 378
% Change
No. 557
% Change
TOTAL LISTINGS
442 130 29%
17% 71% 46%
-21% 46% 84%
TOTAL SALES
76
89
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
20%
16%
$588,400 $595,300 $639,897 $646,341
-1.2% $570,600 -1.0% $605,167 -0.5% $794
3% 6% 8%
$856
$860
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$602,400 $588,400
$570,600 $566,300 $567,700 $572,000 $596,000
557
472
444
442
369
336
279
162
130
124
118
98
89
55
VANCOUVER EAST REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
2
3+ bdrms
BUYER'S MARKET
33
60
2 bdrms
230
68
<2 bdrms
. . . . 0 0 0 0 QD QD
179
S-L RATIO SALES INVENTORY
Copyright © 2020 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 July 3, 2020. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
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