highlights • O n am onth-over-m onth basis,theG reaterVancouverboard areasaw an increaseof0.9% in m edian sold prices(averaged acros hom etypes),w hiletheFraserValey experienced an increase of1.5%.In G reaterVancouver,townhom eand condopricesroseby1.0% and 2.1% respectively, whiledetached hom epricesfel by0.3%.In theFraserValeydetached and condopricesgrew by 1.2% and 3%,respectively,whiletownhom epricesfel by0.3%. • O n ayear-over-yearbasis,m edian sold pricesin both theG reaterVancouverand FraserValey board areasw erehigher,by 5% (on averageacros types)and 8% ,respectively.In G reater Vancouver,detached hom eand townhom em edian priceswereeach 5% higher,whilecondoswere 4% higher.In theFraserValey,detached hom e,townhom e,and condom edian priceswereal 8% higher.
VANCOUVERREGION THERENNIEADVANCE median prices
MARCH 2024
•
$2,000,000
+ 5% vsM ar2023 Greater Vancouver
$1.91M
$1,600,000
$1.49M
$1,200,000
$800,000
DETACHED median salesprice
FraserV aley
$400,000
+ 9% vsM ar2023
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0
━ G reaterVancouver ━ FraserValey
● March
$1,200,000
+ 10% vsM ar2023 Greater Vancouver
$1,098,500
$1,000,000
$800,000
$867,500
$600,000
$400,000
TOWNHOME median salesprice
FraserV aley
$200,000
+ 7% vsM ar2023
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0
━ G reaterVancouver ━ FraserValey
● March
$1,000,000
+ 4% vsM ar2023 Greater Vancouver
$800,000
$735,000
$600,000
$549,800
$400,000
CONDO median salesprice
FraserV aley
$200,000
+ 8% vsM ar2023
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 $0
━ G reaterVancouver ━ FraserValey
● March
Copyright© April2,2024renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofApril2,2024.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.
●
6
Made with FlippingBook - professional solution for displaying marketing and sales documents online