vancouver east DETACHED - OCTOBER 2 0 2 4
SALES TO LISTINGS RATIO 13% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 24% VS 2023
▲ 1.3% VS 2023
▼ 6% VS 2023
▼ 10% VS 2023
There were 624 detached listings in Vancouver East in October, 3% below September and 24% higher than October 2023. October detached home sales increased by 34% month-over-month, to 79, and were 1.3% above October 2023. The sales-to-listing ratio for detached in Vancouver East, at 13%, re(ected a balanced market. The detached median price in October was $1,847,500, a 5% decrease from September and 10% below October 2023. The average sold price was $2,013,982, 1.6% below last month and down 6% to October 2023.
THIS MONTH No. $2,013,982 $1,847,500 13% 79 624
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$2,138,602 $2,045,000 16% 78 503
-6% -10% -18% 1.3% 24%
$2,046,794 $1,935,000 9% 59 640
37% 34% -3%
-1.6% -5%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
593
624
561
640
609
601
516
485
503
1.90
1.79
1.691.69
414
1.57
382
377
1.54
357
116
104
89
64
59
59
47
46
78
79
38
74
74
$2.05M
$1.96M $1.99M $2.02M $2.10M $1.93M $1.82M $1.87M $1.87M
$1.97M $1.87M $1.94M $1.85M
23-Oct
24-Sep
24-Oct
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
200
150
50%
100
33%
17%
16%
50
7%
4%
3%
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
5 0 n/a
2 1 50%
24 8 33%
215 37 17%
132 21 16%
106 7 7%
103 4 4%
31 1 3%
4 0 n/a
2 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 November 12, 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 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online