vancouver downtown CONDO - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 15% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.0% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 42% VS 2023
▼ 3% VS 2023
▼ 0.8% VS 2023
▼ 8% VS 2023
There were 1,102 condo listings in Vancouver Downtown in April, 15% above March and 42% higher than April 2023. April condo sales increased by 3% month-over-month, to 170, and were 8% below April 2023.
THIS MONTH No. $1,137 $1,000,566 $793,500 15% 170 1,102
PREVIOUS MONTH
PREVIOUS YEAR
No. 185 775
% Change
No. 165 958
% Change
The sales-to-listing ratio for condos in Vancouver Downtown, at 15%, reflected a balanced market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
0% -3% -0.8% -35% -8% 42%
0.7% -10% 3% 15%
The condo median price in April was $793,500, a 0.7% increase from March and 0.8% below April 2023. The average sold price was $1,000,566, 3% above last month; the average PSF sale price was $1,137, up 2% to last month.
$1,137 $1,032,503 $800,000 24%
$1,114 $975,573 $788,000 17%
2% 3%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● APR 2023 ● APR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,067
1,033
1,102
983
909
885
836
958
889
869
775
783
768
222
165
165
123
122
185
101
101
170
187
159
131
121
$840K
$815K
$808K
$800K
$795K
$798K
$788K
$794K
$775K
$775K
$775K
$757K
$760K
VANCOUVER DOWNTOWN
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
250
4+ bdrms
20
200
6
150
3 bdrms
101
100
21% 24%
75
18% 17% 15%
2 bdrms
50
527
7%
5%
4%
0
89
<$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
123 26 21%
248 60 24%
178 32 18%
110 19 17%
93 14 15%
135 10 7%
64 3 5%
151 6 4%
454
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. 51 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online