East Van Townhouse and Half Duplex Update: March 2015

13.03.2015

Townhouses and Half Duplexes in East Vancouver

The East Vancouver townhouse and half duplex market has been a sporadic market with monthly fluctuations in average price, sales to active ratios, sales and total inventory. Average price is now sitting over $700k. This market is arguably the most varied, with townhouses as low as $300k and half duplexes well over $1-million, which can easily cause some variations in price. This market has also seen a lot of new inventory in the last few years thanks to new half duplexes and townhouse units that often sell quickly. This market currently has a 39% sales to active ratio, which is very high, indicating a strong seller’s market. With the price of detached houses continuing to rise, the townhouse and half duplex market will continue to see some interest from Buyers looking for more indoor and outdoor space.

Townhouse and Half Duplex Sales in East Van

1839_Stainsbury

One of the least expensive townhomes sold last month was this 2 bedroom, 2 bathroom unit in The Works on Stainsbury, just east of Commercial Drive. This unit has 764sqft, which is a little tight for a 2 bedroom unit, but nonetheless has a good sized kitchen, the 2 bedrooms, a nice private patio and the townhouse entry. Built in 2008, the unit also offers in suite laundry, 1 parking and 1 storage. The location is pretty amazing – close to Trout Lake (and the new Community Centre) and not too far to Commercial Drive and the Skytrain. Listed for $449,000, this unit sold 4 days later for $460,000.

1065_E22

One of the most expensive half duplexes is this 1740sqft, 4 bedroom, 3.5 bathroom brand new unit in Cedar Cottage. This half duplex is a modern home with modern amenities. You’ll find 3 bedrooms on the top floor, along with 1 bedroom in the basement (with separate entry for suite potential). There is a good sized front and back porch, front and back yard as well as a single garage. Listed for $1,085,000 + GST, this unit sold a week later for $1,053,333 (+ GST).

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