East Van Houses Market Update: March 2014

07.03.2014

What’s Happening in the East Van Houses Market?

East Vancouver is one of the busiest Real Estate Markets in the city. Whether it’s a solid lot, a good renovation project or a nice restoration – sales and prices are up with many more eager Buyers still looking. Taking a look at the market statistics: the sales-to-active ratio is at least 35% for all property under $1.25-million showing a strong Seller’s Market. Good listings are getting multiple offers in the first week, and average prices are creeping up to $1-million. Mount Pleasant is still the hottest neighbourhood, with Main, Grandview, Fraser and Renfrew performing well.

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East Van Houses: Sales

The most expensive East Vancouver House sale was a new build in Hastings East. This 3742 sqft home + 967 sqft laneway home was custom built with modern finishings, air conditioning, radiant heat and more. Being near the edge of Vancouver Heights, this home has view of the water and mountains. Listed for $1,988,000, it sold 23 days later for $1,850,000.

The least expensive East Vancouver House sale was a tear down on a 33′ x 98.5′ lot in Renfrew Heights. It was listed for $658,800 and sold 28 days later for $646,000.

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