East Van Condo Market Update: July 2015

07.07.2015

The East Van condo market had a 46% sales to active ratio with an average price of $421k and a median price of $383k. The average price per sqft has been steadily climbing to a current average of $529/sqft (it’s $705/sqft on Vancouver’s Westside). Take a look at this graph detailing average sale price for East Van condos over the last few years.
Condo_EastVan_Prices_June2015
There is still a good mix of condos available on the market, everything from new builds to reno projects to fully reno’d units in older buildings. The number of days a property is on the market is about two weeks – the first week of marketing before the open house, and then a week of the property being tied up with an accepted offer. You have to move quickly in this market – if you like a listings, get to the open house over the weekend, or call us to book a showing.
The East Van market is still quite varied in price depending on the building, the views and the neighbourhood. Check out some of your options here:

Recent Condo Sales in East Vancouver

eastvan_condo_sale_expensive_june2015

The mosr expensive condo sold in East Van last month was the penthouse unit in the new “Collection 45” building at Main and East 8th Ave. This penthouse has 1361sqft, 2 bedrooms, 2 bathrooms and windows on 3 sides of the building. The units has a total of 900sqft of outdoor space, which includes a large balcony and roof top deck. Other features include A/C, 10 foot ceilings, remote controlled blinds and high end finishings. Liste dfor $1,399,900, this unit sold 64 days later for $1,426,500

eastvan_condo_sale_affordable_june2015
One of the least expensive condos sold last month was this 492sqft, 1 bedroom, 1 bathroom unit in the Commercial Drive neighbourhood. This unit is a junior one bedroom (technically a studio but it has a separated bedroom space) in a well maintained older 1982-built building. Listed for $218,000, this unit sold 13 days later for $210,000.
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