vancouver east TOWNHOME - DECEMBER 2 0 2 4
SALES TO LISTINGS RATIO 15% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 7% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 37% VS 2023
▲ 56% VS 2023
▼ 13% VS 2023
▼ 10% VS 2023
There were 92 townhome listings in Vancouver East in December, 14% below November and 37% higher than December 2023. December townhome sales decreased by 48% month-over-month, to 14, and were 56% above December 2023. The sales-to-listing ratio for townhomes in Vancouver East, at 15%, reflected a balanced market. The townhome median price in December was $995,000, a 9% decrease from November and 10% below December 2023. The average sold price was $1,071,129, 6% below last month; the average PSF sale price was $838, down 11% 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
14 92
$906 $1,225,189 $1,100,700 13% 9 67
-7% -13% -10% 13% 56% 37%
$947 $1,134,063 $1,090,000 25% 27 107
-11% -6% -9% -40% -48% -14%
$838 $1,071,129 $995,000 15%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2023 ● DEC 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
116
117
122
115
112
107
95
106
103
100
92
75
67
42
38
29
27
26
16
29
28
14
21
20
9
16
$1.22M $1.20M $1.14M $1.18M
$1.18M $1.22M
$1.10M $1.04M
$1.10M $1.15M $1.14M
$1.09M
$995K
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
20
4+ bdrms
11
15
11
3 bdrms
53
10
33% 32%
3
21%
2 bdrms
5
25
9%
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
3
S-L RATIO SALES INVENTORY
1 0 n/a
3 1 33%
22 7 32%
22 2 9%
19 4 21%
17 0 n/a
1 0 n/a
7 0 n/a
Copyright © 2025 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 January 13, 2025. 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. 49 ●
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