the vancouver rennie review | May 2024

vancouver east TOWNHOME - APRIL 2 0 2 4

SALES TO LISTINGS RATIO 25% SELLERS' MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

AVERAGE PSF PRICE ▼ 5% VS 2023

MEDIAN PRICE

TOTAL INVENTORY

SALES

▲ 1.0% VS 2023

▲ 52% VS 2023

▲ 7% VS 2023

▼ 0.9% VS 2023

There were 117 townhome listings in Vancouver East in April, 10% above March and 52% higher than April 2023. April townhome sales increased by 12% month-over-month, to 29, and were 7% above April 2023. The sales-to-listing ratio for townhomes in Vancouver East, at 25%, reflected a sellers' market. The townhome median price in April was $1,100,000, a 10% decrease from March and 0.9% below April 2023. The average sold price was $1,136,428, 8% below last month; the average PSF sale price was $856, down 5% to last month.

THIS MONTH No. $856 $1,136,428 $1,100,000 25% 29 117

PREVIOUS MONTH

PREVIOUS YEAR

No.

% Change

No.

% Change

TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

27 77

-5% 1% -0.9% -29% 7% 52%

$902 $1,231,790 $1,217,000 25% 26 106

-10% 1.1% 12% 10%

$897 $1,125,285 $1,110,000 35%

-5% -8%

▶ AVG PRICE PER SQUARE FOOT

▶ RECENT TRENDS

● APR 2023 ● APR 2024

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

117

106

98

96

95

88

85

85

77

75

73

69

67

38

37

30

26

24

29

27

16

9

21

17

15

11

$1.29M

$1.18M $1.22M

$1.11M $1.10M $1.18M

$1.12M $1.20M

$1.10M

$1.08M $1.11M $1.10M $1.04M

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

35

2

4+ bdrms

30

12

25

17

20

3 bdrms

62

45% 44%

15

10

10

20%

2 bdrms

41

12% 13%

5

0

<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+

2

S-L RATIO SALES INVENTORY

2 0 n/a

5 1 20%

22 10 45%

25 11 44%

34 4 12%

23 3 13%

4 0 n/a

2 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 May 8, 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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