vancouver east CONDO - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 23% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 1.4% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 52% VS 2023
▼ 0.5% VS 2023
▼ 3% VS 2023
▼ 18% VS 2023
There were 550 condo listings in Vancouver East in June, 1.5% above May and 52% higher than June 2023.
June condo sales decreased by 7% month-over-month, to 128, and were 18% below June 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 156 363
% Change
No. 138 542
% Change
The sales-to-listing ratio for condos in Vancouver East, at 23%, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
128 550
-1.4% -0.5% -3% -46% -18% 52%
-2% -6% -2% -9% -7% 1.5%
The condo median price in June was $682,500, a 2% decrease from May and 3% below June 2023. The average sold price was $741,482, 6% below last month; the average PSF sale price was $989, down 2% to last month.
$989 $741,482 $682,500 23%
$1,003 $745,061 $700,600 43%
$1,013 $789,218 $699,950 25%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUN 2023 ● JUN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
550
515
542
427
419
410
402
462
377
363
357
331
312
145
138
127
156
118
101
128
128
126
97
76
70
61
$740K
$733K
$713K
$701K
$700K
$700K
$688K
$685K
$683K
$678K
$678K
$658K
$618K
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
200
4+ bdrms
6
150
6
3 bdrms
100
44
29% 32%
26%
56
50
2 bdrms
15%
11%
227
6%
0
66
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
124 36 29%
187 60 32%
136 20 15%
53 6 11%
18 1 6%
19 5 26%
6 0 n/a
7 0 n/a
273
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. 50 ●
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