vancouver downtown CONDO - SEPTEMBER 2 0 2 4
SALES TO LISTINGS RATIO 9% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 9% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 17% VS 2023
▼ 8% VS 2023
▼ 5% VS 2023
▼ 11% VS 2023
There were 1,213 condo listings in Vancouver Downtown in September, 8% above August and 17% higher than September 2023. September condo sales decreased by 11% month-over-month, to 108, and were 11% below September 2023. The sales-to-listing ratio for condos in Vancouver Downtown, at 9%, re'ected a buyers' market. The condo median price in September was $739,700, a 0.7% decrease from August and 5% below September 2023. The average sold price was $919,366, 10% below last month; the average PSF sale price was $1,103, down 5% 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
$1,103 $919,366 $739,700 9% 108 1,213
$1,208 $1,003,971 $775,000 12% 121 1,033
-24% -11% 17%
$1,162 $1,017,402 $745,000 11% 121 1,121
-5% -10% -0.7% -18% -11% 8%
-9% -8% -5%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2023 ● SEP 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,213
1,102
1,067
1,185
1,180
1,167
983
1,121
1,033
885
958
783
768
174
173
165
151
123
122
101
101
121
108
170
131
121
$825K
$815K
$805K
$795K
$798K
$794K
$790K
$788K
$775K
$760K
$757K
$745K
$740K
VANCOUVER DOWNTOWN
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
300
4+ bdrms
21
250
200
5
3 bdrms
116
150
100
40
20%
2 bdrms
12%
10%
566
9%
50
6%
3%
3%
0
63
<$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
124 25 20%
309 36 12%
198 18 9%
140 14 10%
104 6 6%
122 4 3%
54 0 n/a
162 5 3%
510
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. 51 ●
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