vancouver east ½-DUPLEX - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 18% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 49% VS 2023
▲ 11% VS 2023
▼ 4% VS 2023
▼ 9% VS 2023
There were 220 ½-duplex listings in Vancouver East in June, 1.3% below May and 49% higher than June 2023.
June ½-duplex sales decreased by 9% month-over-month, to 40, and were 11% above June 2023.
THIS MONTH No. $1,020 $1,659,600 $1,591,250 18% 40 220
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
The sales-to-listing ratio for ½-duplexes in Vancouver East, at 18%, reflected a balanced market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,045 $1,723,958 $1,749,500 24% 36 148
-2% -4% -9% -25% 11% 49%
$1,082 $1,692,781 $1,642,500 20% 44 223
-6% -2% -3% -8% -9% -1.3%
The ½-duplex median price in June was $1,591,250, a 3% decrease from May and 9% below June 2023. The average sold price was $1,659,600, 2.0% below last month; the average PSF sale price was $1,020, down 6% to last month.
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUN 2023 ● JUN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
225
220
202
223
190
185
207
205
186
154
174
148
149
61
54
43
39
27
40
36
46
16
44
27
26
23
$1.75M
$1.66M $1.55M $1.64M $1.59M
$1.55M $1.61M $1.55M $1.60M $1.59M $1.59M
$1.53M $1.60M
VANCOUVER EAST
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
70
21
4+ bdrms
112
60
50
17
3 bdrms
40
101
30
25%
2
20%
20
2 bdrms
18%
13%
7
10%
10
0
<2 bdrms
<$1M $1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M+
S-L RATIO SALES INVENTORY
2 0 n/a
5 1 20%
46 6 13%
71 18 25%
72 13 18%
21 2 10%
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. 48 ●
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