vancouver east CONDO - NOVEMBER 2 0 2 3
SALES TO LISTINGS RATIO 19% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 3% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 3% VS 2022
▲ 7% VS 2022
▲ 12% VS 2022
0.0% VS 2022
There were 410 condo listings in Vancouver East in November, 4% below October and 12% higher than November 2022. November condo sales decreased by 24% month-over-month, to 77, and were the same in November 2022. The sales-to-listing ratio for condos in Vancouver East, at 19%, reflected a balanced market. The condo median price in November was $661,000, a 6% decrease from October and 7% above November 2022. The average sold price was $686,066, 4% below last month; the average PSF sale price was $962, up 0.5% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No. 101 427
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$962 $686,066 $661,000 19% 77 410
$937 $663,664 $615,800 21% 77 365
3% 3% 7% -11% 0% 12%
0.5% -4% -6% -21% -24% -4%
$958 $716,288 $700,000 24%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2022 ● NOV 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
402
410
377
427
365
358
334
316
363
353
331
310
290
161
156
127
111
101
101
126
114
77
77
97
57
57
$748K
$713K
$701K
$700K
$688K
$678K
$665K
$661K
$657K
$650K
$645K
$616K
$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
140
120
4+ bdrms
1
100
67%
2
80
3 bdrms
46
60
30%
40
33
23%
2 bdrms
16%
170
20
8%
0
42
<$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
3 2 67%
90 27 30%
132 30 23%
87 14 16%
52 4 8%
16 0 n/a
19 0 n/a
11 0 n/a
193
Copyright © 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 December 11, 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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