vancouver east ½-DUPLEX - OCTOBER 2 0 2 4
SALES TO LISTINGS RATIO 15% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 4% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 5% VS 2023
▲ 3% VS 2023
▲ 19% VS 2023
▲ 37% VS 2023
There were 243 ½-duplex listings in Vancouver East in October, 9% above September and 19% higher than October 2023. October ½-duplex sales increased by 32% month-over-month, to 37, and were 37% above October 2023. The sales-to-listing ratio for ½-duplexes in Vancouver East, at 15%, re(ected a balanced market. The ½-duplex median price in October was $1,650,000, a 3% increase from September and 3% above October 2023. The average sold price was $1,678,258, 5% above last month; the average PSF sale price was $1,040, up 3% to last month.
THIS MONTH No. $1,040 $1,678,258 $1,650,000 15% 37 243
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,086 $1,602,167 $1,600,000 13% 27 205
-4% 5% 3% 16% 37% 19%
$1,006 $1,596,459 $1,605,000 13% 28 223
21% 32% 9%
3% 5% 3%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● OCT 2023 ● OCT 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
229
243
225
223
223
202
205
190
220
207
201
186
174
61
54
43
40
36
37
46
44
27
40
27
28
23
$1.60M $1.59M $1.59M $1.53M
$1.60M $1.66M $1.55M $1.64M $1.59M $1.60M $1.59M $1.61M $1.65M
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
80
23
70
4+ bdrms
107
60
50
14
3 bdrms
40
131
30
25%
20
2 bdrms
14%
12%
4
6%
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+
1
S-L RATIO SALES INVENTORY
10 0 n/a
57 7 12%
75 19 25%
64 9 14%
31 2 6%
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. 48 ●
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