highlights • The3,204M LS salesin theVancouverRegion in Februarywerethem ostsinceAugust2023and w ereup 38% from January.W hilebelow thetypical50% January-to-February risein sales,the 38% increasewasthelargestin alm ostayear(going back to February-to-M arch 2023,when sales jum ped by50%). • Salescounts,though 23% below thepast-decadeFebruaryaverage,were20% highercom pared to February2023,m aking it10 consecutivem onthsofyear-over-yearincreases. • Salesroseforal hom etypes,beitversuslastm onth orlastyear,with condo saleshaving the largestchangeforboth (up 41% com pared tolastm onth and 23% com pared tolastyear).For detached hom es,itwas37% and 20% higher,respectively,whilefortownhom esthechangewasan increaseof30% and 8%.
VANCOUVERREGION THERENNIEADVANCE sales
FEBRUARY 2024
4,000
+ 20% vsFeb2023
3,500
3,000
2,500
2,000
1,643 10 yrFebAvg
1,500
1,000
DETACHED sales
1,000
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500
- 39% vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
+ 8% vsFeb2023
1,000 1,200 1,400 1,600
781 10 yrFebAvg
200 400 600 800
591
TOWNHOME sales
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 24% vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
3,500
+ 23% vsFeb2023
3,000
2,500
2,000
1,649 10 yrFebAvg
1,500
1,500
1,000
CONDO sales
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500
- 9% vs10yrFebAvg
﹍ 10 yrFebruaryAverage
● February
Copyright© March1,2024renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofMarch1,2024.Aldatafrom RealEstateBoardof GreaterVancouverandFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipient oftheinform ationshouldtakestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained from aren ieandas ociatesadvisor.Alinform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom renniegroupofcom panies.E.&O.E.
●
3
Made with FlippingBook - professional solution for displaying marketing and sales documents online