CONDO JULY vancouver east
AVERAGE PRICE
AVERAGE PSF PRICE 7 % UP
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
SELLER’S 30 %
7 % UP
0.6 % DOWN
23 % UP
Condo listings in Vancouver East increased 12% month-over-month (to 514) while July’s listings were down 0.6% year-over-year. Condo sales increased by 20% from June (to 156) and were up 23% vs last year. The sales-to-listings ratio increased to 30%, as Vancouver East’s condo segment remained in sell- er’s market territory. July’s condo benchmark price was $590,300, 0.3% higher month-over-month and 5% above this time last year. The average sold price was $653,077, a 2% increase from last month, with an average PSF sales price of $853, 0.4% below last month.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 460 130 28%
% Change
No. 517 127 25%
% Change
TOTAL LISTINGS
514 156 30%
12% 20%
-0.6%
TOTAL SALES
23% 24%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
7%
$590,300 $588,400 $653,077 $639,897
0.3% $564,200 2% $611,539 -0.4% $800
5% 7% 7%
$853
$856
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$602,100 $595,300 $590,300
$564,200 $563,300 $567,700 $585,200
517
514
500
393
377
358
286
156
148
145
137
127
78
76
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
8
3+ bdrms
BUYER'S MARKET
38
72
2 bdrms
251
76
<2 bdrms
. . . . 0 0 0 0 QD
225
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 August 7, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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