vancouver east TOWNHOME - NOVEMBER 2 0 2 4
SALES TO LISTINGS RATIO 25% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 4% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.2% VS 2023
▲ 22% VS 2023
▲ 80% VS 2023
▼ 1.4% VS 2023
There were 107 townhome listings in Vancouver East in November, 7% below October and 22% higher than November 2023. November townhome sales decreased by 29% month-over-month, to 27, and were 80% above November 2023. The sales-to-listing ratio for townhomes in Vancouver East, at 25%, reflected a sellers' market. The townhome median price in November was $1,090,000, a 8% decrease from October and 1.4% below November 2023. The average sold price was $1,134,063, 8% below last month; the average PSF sale price was $947, up 1.9% to last month.
THIS MONTH No. $947 $1,134,063 $1,090,000 25% 27 107
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
15 88
48% 80% 22%
$929 $1,229,783 $1,180,000 33% 38 115
1.9% -8% -8% -24% -29% -7%
$908 $1,131,473 $1,105,000 17%
4% 0.2% -1.4%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2023 ● NOV 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
116
117
122
115
112
107
95
106
88
103
100
75
67
42
38
29
26
27
16
29
28
9
15
21
20
16
$1.22M $1.20M $1.14M $1.18M
$1.18M $1.22M
$1.11M $1.10M $1.04M
$1.10M $1.15M $1.14M
$1.09M
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
30
100%
1
4+ bdrms
25
12
20
16
3 bdrms
63
15
42%
33%
10
9
2 bdrms
29
12%
10%
5
0
1
<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
4 4 100%
29 3 10%
26 11 42%
21 7 33%
17 2 12%
1 0 n/a
8 0 n/a
Copyright © 2024 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 December 9, 2024. 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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