CONDO FEBRUARY vancouver east
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 0.6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
SELLER’S 48 %
3 % DOWN
0.2 % UP
12 % UP
55 % UP
Condo listings in Vancouver East decreased 4% month-over-month (to 380) while February’s listings were up 12% year-over-year. Condo sales increased 85% from January (to 183) and were up 55% vs last year. The sales-to-listings ratio increased to 48%, as Vancouver East’s condo segment remained in sell- er’s market territory. February’s condo benchmark price was $599,600, 0.6% higher month-over-month and year-over-year. The average sold price was $658,123, a 3% decrease from last month, with an average PSF sales price of $881, 1.3% above last month.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 396
% Change
No. 338 118 35%
% Change
TOTAL LISTINGS
380 183 48%
-4% 85% 93%
12% 55% 38% 0.6%
TOTAL SALES
99
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
25%
$599,600 $595,800 $658,123 $680,178
0.6% $596,000 -3% $679,587
-3%
$881
$870
1.3%
$879
0.2%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$596,000 $602,400 $588,400 $600,800 $588,400 $595,300 $599,600
665
607
471
430
380
371
338
183
175
154
148
130
118
55
VANCOUVER EAST REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
7
3+ bdrms
BUYER'S MARKET
37
75
2 bdrms
185
101
<2 bdrms
. . . . 0 0 0 0 QD
158
S-L RATIO SALES INVENTORY
Copyright © 2021 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 March 3, 2021. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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