vancouver east CONDO - SEPTEMBER 2 0 2 3
SALES TO LISTINGS RATIO 24% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 6% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 9% VS 2022
▲ 12% VS 2022
▲ 9% VS 2022
▲ 17% VS 2022
There were 403 condo listings in Vancouver East in September, 22% above August and 9% higher than September 2022. September condo sales decreased by 23% month-over-month, to 98, and were 17% above September 2022. The sales-to-listing ratio for condos in Vancouver East, at 24%, reflected a sellers' market. The condo median price in September was $689,000, a 1.6% increase from August and 12% above September 2022. The average sold price was $752,264, 2% above last month; the average PSF sale price was $991, up 2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No. 127 331
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$991 $752,264 $689,000 24% 98 403
$934 $688,415 $612,500 23% 84 371
6% 9% 12% 7% 17% 9%
1.6% -37% -23% 22%
$969 $734,685 $678,000 38%
2% 2%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2022 ● SEP 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
381
403
377
365
358
371
334
316
363
353
331
310
290
161
156
127
111
103
101
126
98
114
84
77
57
57
$748K
$713K
$701K
$689K
$678K
$665K
$655K
$657K
$650K
$645K
$616K
$613K
$610K
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
160
140
4+ bdrms
1
120
100
3
3 bdrms
80
43
41%
60
29%
44
40
2 bdrms
20%
15%
178
20
9%
6%
6%
0
51
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2 bdrms
S-L RATIO SALES INVENTORY
4 0 n/a
69 28 41%
146 43 29%
101 20 20%
34 2 6%
20 3 15%
18 1 6%
11 1 9%
181
Copyright © October 10, 2023 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 October 10, 2023. 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. 49 ●
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