East Van Condo Market Update – November 2015

08.11.2015

East Vancouver Condo Market Update

The Condo Market in East Van had 48% fewer sales over September, amidst 19% fewer listings. Prices dropped slightly, but that is more so due to fewer expensive listings being sold rather than a significant change in the market, though the sales to active ratio of 18% shows a balanced market, rather than a Seller’s market like has been case the last few months. Prices are still up over last year.

The neighbourhoods close to downtown – Hastings, Hastings East, Grandview, and Mount Pleasant East – showed strong interest from Buyers.

Recent Condo Sales in East Vancouver

1188_Quebec_Expensive_Nov2015

One of the most expensive condos sold in East Van last month was this 1418sqft, 3 bed, 2 bath condo in City Gate at 1188 Quebec St. Built by BOSA in 1992, City Gate offers a pool, sauna, gym, bike room, two parking spots, storage and a great location offering unobstructed views of the city and False Creek. The unit itself has been fully renovated and has a large balcony to enjoy. Listed for $948,000, this condo sold 5 days later for $928,000.

2045_Franklin

One of the least expensive condos sold last month in East Van was this 1 bed, 1 bath condo sold in Hastings. This unit comes with parking, storage and mountain views from the balcony. The unit has had some minor interior updates. Listed for $213,000, it sold 3 days later for full price.

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