highlights • O n am onth-over-m onth basis,theG reaterVancouverboard areasaw an increaseof0.8% in m edian sold prices(averaged acros hom etypes),w hiletheFraserValey experienced an increase of4%.In G reaterVancouver,detached hom eand condom edian pricesgrew by0.3% and 2%, respectively,w hiletow nhom em edian pricesfel by 0.1% .In theFraserValey,pricesgrew foral hom etypes:detached hom eby9%,townhom esby3%,and condosby1.0%. • O n ayear-over-yearbasis,m edian sold pricesin both theG reaterVancouverand FraserValey board areasw erehigher,by 7% (on averageacros types)and 10% ,respectively.In G reater Vancouver,detached hom em edian priceswere13% higher,townhom eswere5% higher,and condoswere2% higher.In theFraserValey,detached hom em edian priceswere9% higher,while townhom esand condoswere13% and 7% higherrespectively.
VANCOUVERREGION THERENNIEADVANCE median prices
JANUARY2024
•
$2,000,000
+ 13% vsJan2023 Greater Vancouver
$1.81M
$1,600,000
$1.40M
$1,200,000
$800,000
DETACHED median salesprice
FraserV aley
$400,000
+ 9% vsJan2023
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0
━ G reaterVancouver ━ FraserValey
● January
$1,200,000
+ 5% vsJan2023 Greater Vancouver
$1,180,000
$1,000,000
$800,000
$850,000
$600,000
$400,000
TOWNHOME median salesprice
FraserV aley
$200,000
+ 13% vsJan2023
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0
━ G reaterVancouver ━ FraserValey
● January
$1,000,000
+ 2% vsJan2023 Greater Vancouver
$800,000
$705,000
$600,000
$530,000
$400,000
CONDO median salesprice
FraserV aley
$200,000
+ 7% vsJan2023
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0
━ G reaterVancouver ━ FraserValey
● January
Copyright© February1,2024renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofFebruary1,2024.Aldatafrom RealEstateBoard ofGreaterVancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.The recipientoftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfrom arennieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
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