vancouver east DETACHED - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 12% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 4% VS 2023
▲ 4% VS 2023
▲ 32% VS 2023
▼ 22% VS 2023
There were 593 detached listings in Vancouver East in June, 6% above May and 32% higher than June 2023. June detached home sales decreased by 29% month-over-month, to 74, and were 22% below June 2023. The sales-to-listing ratio for detached in Vancouver East, at 12%, reflected a balanced market.
THIS MONTH No. $2,105,908 $2,097,500 12% 74 593
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No. 104 561
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$2,024,867 $2,008,000 21% 95 448
-41% -22% 32%
0.7% 4% -33% -29% 6%
The detached median price in June was $2,097,500, a 4% increase from May and 4% above June 2023.
$2,091,025 $2,016,500 19%
The average sold price was $2,105,908, 0.7% above last month and up 4% to June 2023.
4% 4%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
561
593
516
503
491
485
1.83
448
1.76
1.71 1.68
443
437
1.68
1.64
414
382
377
357
116
104
89
81
78
64
95
48
38
74
74
67
59
$2.05M
$2.01M $2.02M $1.95M $1.90M
$1.96M $1.99M $2.02M $2.10M $1.93M $1.81M $1.87M $1.87M
23-Jun
24-May
24-Jun
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
100%
200
150
100
31%
26%
50
12%
4%
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
2 0 n/a
1 1 100%
13 4 31%
209 26 12%
135 35 26%
100 4 4%
103 4 4%
24 0 n/a
3 0 n/a
3 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 July 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. 47 ●
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