East Van Condo Market Update: June 2015

10.06.2015

Condos in East Vancouver

The East Van condo market had 29% more sales in May than in the previous month, along with a slight increase in average and median price (to the low-$400k’s). A few other notable pieces of information: 

– Average Price per Sqft increased to $543/sqft, which was at $507/sqft this time last year

– The $600k to $700k price range had a 100% sales to active ratio

– The 2 bedroom market had a 51% sales to active ratio

The East Van market is still quite varied depending on the building, the views and the neighbourhood. Check out some of your options here: 

View all 1 Bedroom Condos for Sale in East Vancouver

View all 2 Bedrooms Condos for Sale in East Vancouver

Recent Condo Sales in East Vancouver

2045_Franklin_June2015_Cheapest_Condo

One of the least expensive condos sold in East Van last month was this 1 bedroom, 1 bathroom south facing unit on Franklin St in Hastings. This unit also comes with parking and storage, and has been updated with new piping, siding, windows, roof and balconies over the last few years. The unit does not allow rentals, but is a good opportunity for first time Buyers to get into the Vancouver Real Estate Market. Listed for $196,000, this unit sold for $200,000 only 4 days later. 

55_Cordova_June2015_Expensive_Condo

One of the most expensive condos sold last month was this very unique 3 bedroom, 1.5 bathroom unit in Koret Lofts in the heart of Gastown. This unit has 1367sqft with gorgeous mountain and city views, brick and beam heritage style interior and 1 secure parking. The unit does not have outdoor space, but there is a common courtyard with the unit. Listed for $949,000, this unit sold for $940,000 only 6 days later. 

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