CONDO SEPTEMBER vancouver east
AVERAGE PRICE
AVERAGE PSF PRICE 4 % UP
BENCHMARK PRICE 6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
SELLER’S 33 %
7 % UP
20 % UP
33 % UP
Condo listings in Vancouver East increased 1.0% month-over-month (to 602) while September’s list- ings were up 20% year-over-year. Condo sales increased 27% from August (to 197) and were up 33% vs last year. The sales-to-listings ratio increased to 33%, as Vancouver East’s condo segment remained in sell- er’s market territory. September’s condo benchmark price was $596,900, 0.6% lower month-over-month but 6% above this time last year. The average sold price was $671,212, a 3% decrease from last month, with an average PSF sales price of $863, 4% below last month.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 596 155 26%
% Change
No. 500 148 30%
% Change
TOTAL LISTINGS
602 197 33%
1.0% 27% 26%
20% 33% 11%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$596,900 $600,800 $671,212 $689,453
-0.6% $563,300 -3% $625,427
6% 7% 4%
$863
$900
-4%
$826
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$602,100 $595,300 $590,300 $596,900
$563,300 $567,700 $585,200
602
552
500
394
378
359
287
197
156
148
145
137
78
76
VANCOUVER EAST REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
9
3+ bdrms
56
SELLER'S MARKET
89
BALANCED
2 bdrms
293
BUYER'S MARKET
99
<2 bdrms
. . . . 0 0 0 0 QD
253
S-L RATIO SALES INVENTORY
Copyright © 2020 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 October 5, 2020. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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.
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