East Van Houses: Market Update for November 2013

07.11.2013

Buying and Selling East Van Houses

The East Vancouver Detached House market continues to to be one of the hottest Real Estate Markets in Vancouver. Though there was a 21% drop in the number of sales last month, that’s likely due to the lack of product rather than the lack of interest in East Van Houses. The Median and Average Sale price also dropped slightly, though remaining in the high $800,000’s and low $900,000’s. There is quite a bit of variety in East Vancouver detached houses – homes that need a complete overhaul, unlucky homes sitting in the bog, homes on small lots (or large lots) and homes in the various neighbourhoods of East Van (with Main and Mount Pleasant East continuing to be the hot spots).

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One of the least expensive East Vancouver House sales was a Commercial Drive Old Timer at East 5th and Commercial Drive. This 1848 sqft home sitting on a small 25′ x 100′ lot needs some updates, but it livable in it’s current state. The Main floor is a self contained 2 bedroom suite, with a 1 bedroom + den suite and a 1 bedroom suite downstairs. Listed for $649,900 and sold 2 days later for $630,000.

One of the most expensive East Vancouver House sales was a character home at East 21st Ave and Ontario. This 2825 sqft home was a 1914 Heritage Restoration sitting on a 33 x 122 sqft lot with 4 bedrooms, 4 bathrooms, and a basement suite. The home has a sun drenched backyard and sundeck, along with a carport and garage. The home was listed for $1,699,000 and sold 13 days later for $1,755,000.

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Let us know if you’re interested in selling your East Van House. We have a high end, successful marketing plan and we know what we’re talking about when it comes to East Van Houses.

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