vancouver east DETACHED - MAY 2 0 2 4
SALES TO LISTINGS RATIO 19% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.6% VS 2023
▲ 0.8% VS 2023
▲ 44% VS 2023
▼ 15% VS 2023
There were 561 detached listings in Vancouver East in May, 9% above April and 44% higher than May 2023. May detached home sales decreased by 10% month-over-month, to 104, and were 15% below May 2023. The sales-to-listing ratio for detached in Vancouver East, at 19%, re(ected a balanced market.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 123 390
% Change
No. 116 516
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
104 561
0.6% 0.8% -41% -15% 44%
4% 1.1% -18% -10% 9%
The detached median price in May was $2,016,500, a 1.1% increase from April and 0.8% above May 2023.
$2,091,025 $2,016,500 19%
$2,019,877 $1,994,950 22%
$2,079,167 $2,000,000 32%
The average sold price was $2,091,025, 4% above last month and up 0.6% to May 2023.
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
561
516
503
491
485
448
1.82
1.81
1.76
443
437
390
414
1.64
382
377
357
1.49
1.47
116
123
89
81
78
104
64
48
38
95
74
67
59
$2.05M
$2.00M $2.01M $2.02M $1.95M $1.90M
$1.96M $1.99M $2.02M $1.93M $1.81M $1.87M $1.87M
23-May
24-Apr
24-May
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
200
150
50%
100
36%
27%
24%
50
13%
6%
4%
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
S-L RATIO SALES INVENTORY
4 2 50%
14 5 36%
186 44 24%
132 35 27%
99 13 13%
106 4 4%
16 1 6%
2 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 June 10, 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. 47 ●
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