East Van Detached House Market Update: April 2014

14.04.2014

The East Vancouver Detached House market remains the strongest market in Vancouver, with tons of Buyer sand not enough good inventory. Note the 25% increase in sales and 40% decrease in days on market. Detached Houses in East Van offer a wide variety of options: from new builds, to renovated character houses to lot value and this leads to many different options and can affect the averages in the stats. Overall, this market is seeing a 39% sales to active ratio, with the $600k to $1.25-million market seeing an absorption rate of anything from 41% and higher. If you’re interested in buying a house in East Van – let us know so we can keep you updated on this ever changing market. There is lots to know and we can help lead you in the proper direction.

Vancouver_Graphs_Real_Estate_March_2014_East_Van_Houses

Recent Detached House Sales in East Vancouver

One of the least expensive East Vancouver detached house sales was at East 39th near Commercial St. This 1,069sqft house sat on a short 33′ x 99′ lot and had a detached garage. The house has a dated interior, but with a few interior renovations, this could be a great home. It was listed for $614,900 and sold 1 day later for $614,000.

The most expensive East Vancouver detached house sale was at E 27th near Prince Albert. The home was custom built and outfitted with modern finishings and amenities. This house must have had a Buyer lined up before it was listed because it sold right after it was listed for full asking price :$2,150,000.

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