Townhouses in East Vancouver
The East Vancouver townhouse and half duplex real estate market had a 34% sales to active atop amidst a 32% decrease in sales over last month. Average and median prices remained steady in the low-$700k’s. Entry level townhouses listed between $500k and $600k had the most interest, though 3 bedroom properties in general were snapped up by Buyers. The average price per soft increased to $545/sqft (up from $506/sqft at this time last year).
This market has seen a good influx of new units in the last few years, as developers try to meet the demand for family sized housing. These new developments often sell out before construction has completed. There is a new townhouse development coming up at Victoria and Frances, with information to be released in the next month or so. Contact us for more information.
Recent Townhouse and Half Duplex Sales in East Vancouver
One of the least expensive townhouses sold in Vancouver last month was this 708sqft, 1 bedroom, 1 bathroom unit in the Jacobsen, a fantastic Live/Work building a few blocks from Main St and East 2nd. Built in 2009, this unit has a modern interior with a galley kitchen, overheight ceilings, polished concrete floors, and a large patio. The unit comes with parking. This area is in the midst of a big change – with the new Emily Carr campus, new skytrain access, the new St Paul’s and more – coming into the neighbourhood in the next few years. Listed for $469,000, this unit sold 10 days later for $452,500.
One of the most expensive half duplexes sold in Vancouver last month was this rear half duplex in the highly desired Cedar Cottage neighbourhood. Built in 2008, this 3 storey unit has 4 bedrooms, 3.5 bathrooms and 1515sqft in total. The unit has a fenced patio and a single car garage. Listed for $889,000, this unit sold 10 days later for $976,500 (after receiving multiple offers).