vancouver east CONDO - SEPTEMBER 2 0 2 4
SALES TO LISTINGS RATIO 20% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 2.0% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 38% VS 2023
▲ 13% VS 2023
▼ 0.5% VS 2023
▼ 1.9% VS 2023
There were 554 condo listings in Vancouver East in September, 8% above August and 38% higher than September 2023. September condo sales increased by 38% month-over-month, to 110, and were 13% above September 2023. The sales-to-listing ratio for condos in Vancouver East, at 20%, re)ected a balanced market. The condo median price in September was $675,000, a 4% increase from August and 1.9% below September 2023. The average sold price was $748,652, 3% above last month; the average PSF sale price was $973, down 0.6% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
110 554
$992 $752,432 $688,000 24% 97 402
13% 38%
$978 $725,889 $647,000 16% 80 512
27% 38% 8%
$973 $748,652 $675,000 20%
-2% -0.5% -1.9% -18%
-0.6% 3% 4%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2023 ● SEP 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
554
515
550
542
533
512
427
419
410
462
402
357
312
144
138
128
118
115
101
110
97
128
80
76
70
61
$740K
$733K
$712K
$700K
$700K
$688K
$685K
$683K
$678K
$675K
$658K
$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
1
4+ bdrms
4
150
6
3 bdrms
100
47
33%
22% 22%
50
50
17% 20%
2 bdrms
222
6%
0
53
<$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
144 32 22%
198 43 22%
115 20 17%
50 10 20%
12 4 33%
17 1 6%
9 0 n/a
9 0 n/a
281
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. 50 ●
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