vancouver east ½-DUPLEX - SEPTEMBER 2 0 2 4
SALES TO LISTINGS RATIO 13% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 1.8% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.6% VS 2023
▲ 4% VS 2023
▲ 21% VS 2023
▲ 75% VS 2023
There were 224 ½-duplex listings in Vancouver East in September, 11% above August and 21% higher than September 2023. September ½-duplex sales decreased by 22% month-over-month, to 28, and were 75% above September 2023. The sales-to-listing ratio for ½-duplexes in Vancouver East, at 13%, re)ected a balanced market. The ½-duplex median price in September was $1,605,000, a 0.7% increase from August and 4% above September 2023. The average sold price was $1,599,036, 2% below last month; the average PSF sale price was $1,007, down 1.1% to last month.
THIS MONTH No. $1,007 $1,599,036 $1,605,000 13% 28 224
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,026 $1,573,906 $1,549,450 9% 16 185
45% 75% 21%
$1,019 $1,632,410 $1,594,000 18% 36 202
-1.1% -2% 0.7% -30% -22% 11%
-1.8% 1.6% 4%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2023 ● SEP 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
225
229
224
205
202
223
220
190
207
202
185
186
174
61
54
43
40
36
27
46
44
28
40
16
27
23
$1.66M $1.55M $1.64M $1.59M $1.60M $1.59M $1.61M
$1.55M $1.60M $1.59M $1.59M
$1.53M $1.60M
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
80
15
70
4+ bdrms
99
60
50
13
3 bdrms
120
40
30
2 bdrms
20
17%
17%
13%
13%
4
10
0
<2 bdrms
<$1M $1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M+
1
S-L RATIO SALES INVENTORY
6 1 17%
55 7 13%
78 13 17%
55 7 13%
27 0 n/a
3 0 n/a
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 October 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. 48 ●
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