vancouver east CONDO - FEBRUARY 2 0 2 4
SALES TO LISTINGS RATIO 28% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 3% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 21% VS 2023
▲ 11% VS 2023
▲ 35% VS 2023
▲ 17% VS 2023
There were 419 condo listings in Vancouver East in February, 17% above January and 35% higher than February 2023. February condo sales increased by 69% month-over-month, to 118, and were 17% above February 2023. The sales-to-listing ratio for condos in Vancouver East, at 28%, re&ected a sellers' market. The condo median price in February was $677,500, a 1.1% decrease from January and 11% above February 2023. The average sold price was $791,006, 3% below last month; the average PSF sale price was $996, up 1.6% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 101 310
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
118 419
3% 21% 11% -14% 17% 35%
$980 $812,082 $685,000 20% 70 357
44% 69% 17%
$996 $791,006 $677,500 28%
$963 $655,912 $610,000 33%
1.6% -3% -1.1%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● FEB 2023 ● FEB 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
402
419
377
427
358
410
334
363
357
353
310
331
312
161
156
127
111
101
118
101
126
114
97
76
70
61
$748K
$713K
$701K
$700K
$688K
$685K
$678K
$678K
$665K
$657K
$658K
$618K
$610K
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
160
140
4+ bdrms
120
100
10
3 bdrms
80
44
46%
42%
60
32%
47
40
24%
2 bdrms
18%
17%
14%
176
20
0
61
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2 bdrms
S-L RATIO SALES INVENTORY
3 0 n/a
81 34 42%
147 47 32%
106 19 18%
42 6 14%
21 5 24%
13 6 46%
6 1 17%
199
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. 49 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online