vancouver east CONDO - DECEMBER 2 0 2 4
SALES TO LISTINGS RATIO 24% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 1.3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 6% VS 2023
▲ 12% VS 2023
▲ 20% VS 2023
▲ 49% VS 2023
There were 375 condo listings in Vancouver East in December, 24% below November and 20% higher than December 2023. December condo sales decreased by 23% month-over-month, to 91, and were 49% above December 2023. The sales-to-listing ratio for condos in Vancouver East, at 24%, reflected a sellers' market. The condo median price in December was $695,000, a 0.9% increase from November and 12% above December 2023. The average sold price was $741,853, 5% above last month; the average PSF sale price was $961, up 2.0% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No. 118 493
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$961 $741,853 $695,000 24% 91 375
$974 $697,677 $618,000 20% 61 312
12% 24% 49% 20%
0.9% 1.4% -23% -24%
$943 $706,734 $688,950 24%
2% 5%
-1.3% 6%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2023 ● DEC 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
515
493
555
550
542
536
533
512
419
462
375
357
312
144
138
128
128
118
118
115
110
128
91
61
80
69
$740K
$733K
$712K
$700K
$695K
$685K
$683K
$689K
$678K
$675K
$661K
$647K
$618K
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
140
120
4+ bdrms
2
100
80
5
3 bdrms
35
60
32%
26%
40
24%
33
18%
16%
2 bdrms
11%
151
20
0
53
<$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
95 25 26%
130 41 32%
86 14 16%
34 8 24%
11 2 18%
9 1 11%
3 0 n/a
7 0 n/a
187
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. 50 ●
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