vancouver east DETACHED - FEBRUARY 2 0 2 4
SALES TO LISTINGS RATIO 17% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 3% VS 2023
▲ 7% VS 2023
▲ 14% VS 2023
▲ 13% VS 2023
There were 377 detached listings in Vancouver East in February, 6% above January and 14% higher than February 2023. February detached home sales increased by 66% month-over-month, to 63, and were 13% above February 2023. The sales-to-listing ratio for detached in Vancouver East, at 17%, re&ected a balanced market.
THIS MONTH No. $1,923,734 $1,863,888 17% 63 377
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,860,096 $1,741,500 17% 56 332
13% 14%
$1,928,080 $1,872,500 11% 38 357
57% 66% 6%
The detached median price in February was $1,863,888, a 0.5% decrease from January and 7% above February 2023.
3% 7% -0.9%
The average sold price was $1,923,734, 0.2% below last month and up 3% to February 2023.
-0.2% -0.5%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
448
443
503
491
485
437
1.80
1.79
377
1.73
390
382
332
360
357
1.59
1.59
332
1.52
124
93
81
78
48
38
95
63
56
89
75
67
59
$2.05M
$1.95M $2.03M $2.01M $2.02M $1.95M $1.90M
$1.93M $1.81M $1.87M $1.86M
$1.74M $1.80M
23-Feb
24-Jan
24-Feb
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
100
80
64%
60
40
35%
21%
20
3%
1%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-L RATIO SALES INVENTORY
1 0 n/a
11 7 64%
97 34 35%
84 18 21%
78 1 1%
106 3 3%
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 March 7, 2024. 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. 47 ●
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