vancouver east CONDO - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 28% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 5% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 13% VS 2023
▲ 13% VS 2023
▲ 44% VS 2023
▲ 27% VS 2023
There were 514 condo listings in Vancouver East in April, 11% above March and 44% higher than April 2023.
April condo sales increased by 13% month-over-month, to 145, and were 27% above April 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 114 358
% Change
No. 128 461
% Change
The sales-to-listing ratio for condos in Vancouver East, at 28%, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
145 514
5% 13% 13% -11% 27% 44%
-3% 1.8% 1% 1.6% 13% 11%
The condo median price in April was $740,000, a 1.0% increase from March and 13% above April 2023. The average sold price was $791,479, 1.8% above last month; the average PSF sale price was $992, down 3% to last month.
$992 $791,479 $740,000 28%
$943 $701,339 $657,000 32%
$1,023 $777,604 $732,500 28%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● APR 2023 ● APR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
514
427
418
410
402
461
377
358
363
357
353
331
312
161
156
127
118
145
101
114
128
126
97
76
70
61
$748K
$740K
$733K
$713K
$701K
$700K
$688K
$685K
$678K
$678K
$657K
$658K
$618K
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
200
4+ bdrms
3
150
9
3 bdrms
100
37
33%
28%
27%
25%
76
20%
50
19%
2 bdrms
12%
221
0
60
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
112 30 27%
188 62 33%
116 33 28%
56 14 25%
16 3 19%
17 2 12%
5 1 20%
4 0 n/a
253
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. 50 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online