CONDO MARCH vancouver east
AVERAGE PRICE
AVERAGE PSF PRICE 4 % UP
BENCHMARK PRICE 2 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
47 % UP
24 % DOWN
SELLER’S 42 %
1.8 % DOWN
Condo listings in Vancouver East declined 0.9% month-over-month (to 329) while March’s listings were down 24% year-over-year. Condo sales increased by 16% from February (to 137) and were up 47% vs last year. The sales-to-listings ratio increased to 42%, as Vancouver East’s condo segment remained in seller’s market territory. March’s condo benchmark price was $585,600, 1.0% higher month-over-month and 2% higher year-over-year. The average sold price was $607,985, an 11% decrease from last month, with an average PSF sales price of $863, 1.8% below last month.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 332 118 36%
% Change
No. 434
% Change
TOTAL LISTINGS
329 137 42%
-0.9%
-24% 47% 94%
TOTAL SALES
16% 17%
93
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
21%
$585,600 $579,800 $607,985 $679,587
1.0% $572,700 -11% $618,898 -1.8% $826
2%
-1.8%
$863
$879
4%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$572,700 $569,300 $550,600 $548,300 $551,800 $568,600 $585,600
538
516
500
434
376
329
285
148
145
141
137
127
93
78
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
3+ bdrms
BUYER'S MARKET
25
57
2 bdrms
187
80
<2 bdrms
. . . . 0 0 0 0 QD QD QD
117
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 April 3, 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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