East Van House Market Update: January 2015

09.01.2015

East Vancouver Detached House Market

The East Vancouver Detached House market saw a 30% decrease in listings and sales over last month and a 17% increase in days on market. The price points of $900k and under performed very well last month with sales to active ratio over 50%. This market will continue to be in demand, and prices will inch upward, thank in part to Developers building luxury homes and owners adding laneway homes to their properties. There are still a lot of older, character homes (and older homes needing a thorough update) in East Vancouver, along with Vancouver Specials – if they’re well maintained, they’ll sell quickly. The neighbourhoods in demand remain Mount Pleasant, Main, Grandview, Fraser, Victoria and Knight (Cedar Cottage).

View all Houses for Sale in East Vancouver

Contact the WeLoveEastVan Team to discuss how we can market your home to the right Buyers, for the right price, and with the knowledge and experience that you need to negotiate on your behalf.

Recent Detached House Sales in East Vancouver

eastvan_inexpensive_house_dec2014One of the least expensive detached houses sold in East Van last month was this home north of Hastings in Railtown/Strathcona. This 1400sqft home sits on a 25′ x 122′ and has a double garage with 17′ ceilings. The area is quite commercial, so this home would work best as a rental as an art studio, workshop, etc. The main house has views of the mountains, a large patio and some updates to the interior. The home was listed for $798,000 and sold 2 months later for $725,000.

eastvan_expensive_house-dec2014One of the most expensive detached houses sold in East Van last month was this large 4000sqft home on a 52’x122′ lot no E 22nd off Fraser. This 11 year old home home has 3 legal suites, space for 8 parking spots, 7 bedrooms and 5 bathrooms. Listed for $1,950,000, this home sold 2 months later for $1,850,000. 

 

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