CONDO APRI L vancouver east
AVERAGE PRICE
AVERAGE PSF PRICE 6 % UP
BENCHMARK PRICE 2 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
36 % DOWN
BALANCED 16 %
52 % DOWN
8 % UP
Condo listings in Vancouver East declined 0.9% month-over-month (to 336) while April’s listings were down 36% year-over-year. Condo sales decreased by 60% fromMarch (to 55) and were down 52% vs last year. The sales-to-listings ratio decreased to 16%, as Vancouver East’s condo segment transitioned to balanced market territory. April’s condo benchmark price was $589,300, 0.6% higher month-over-month and 2% above this time last year. The average sold price was $623,336, a 3% increase from last month, with an average PSF sales price of $845, 2% below last month.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 339 137 40%
% Change
No. 523 114 22%
% Change
TOTAL LISTINGS
336
-0.9% -60% -59%
-36% -52% -25%
TOTAL SALES
55
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
16%
$589,300 $585,600 $623,336 $607,985
0.6% $577,200 3% $578,438
2% 8% 6%
$845
$863
-2%
$798
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$577,200 $554,100 $552,300 $552,000 $559,300 $579,800 $589,300
556
523
472
444
336
335
279
162
124
118
114
98
89
55
VANCOUVER EAST REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
3
3+ bdrms
BUYER'S MARKET
27
23
2 bdrms
177
29
<2 bdrms
. . . . 0 0 0 0 QD QD
132
S-L RATIO SALES INVENTORY
Copyright © 2020 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 May 5, 2020. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
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