East Vancouver Condo Market Update – August 2016


Welcome to the lastest East Vancouver Condo Market Update! It’s been a busy week and there’s a lot to report back on, so without further ado: condos in East Vancouver had a 70% sales to active ratio, down from the high of 98% and the lowest we’ve seen since February of this year. It’s nice to see the ratio go down, but keep in mind that a balanced market is within 15% to 20%. The average days on market dropped to 14 days, the lowest we’ve ever seen, while the number of sales and new inventory dropped, which is typical for August.

From what I’ve seen on the market, good properties are still going quick and in multiple offers, but I’ve seen quite a few more “subject” offers being accepted, which is good news for Buyers. Pricing strategy is still really important. I’ve seen some really high priced condos that end up dropping their price when they didn’t sell, and some really low price condos that increase their price when they didn’t get a good enough offer after their first open house.

The average price dropped to $503k and the average price per sqft dropped to $667/sqft. Breaking that number down, the average price per sqft is $655/sqft for re-sale condos and $802/sqft for new construction. It’ll be interesting to see if a big percentage of new condos, prior to completion, sell as assignments if the foreign Buyers don’t want to pay the tax. 

View all 1 Bedroom East Vancouver Condos for Sale

View all 2 Bedroom East Vancouver Condos for Sale

Listing of the Week: #408 1823 E Georgia St

Here’s a graph with the average prices of one bedroom condos in some of the more popular neighbourhoods in East Van: 

East Van Condos are still a really busy market thanks to limited inventory and affordability – condos are the most affordable option for buyers, so as townhouses and detached house become more expensive, people will continue to look for condos. 

Don’t hesitate call me or email me if you have any questions about condos for sale in East Vancouver.

[x] close

Login for Full MLS Access





Budget: -

Square ft.: -

# of Bedrooms:

# of Bathrooms:


Key criteria:

Terms of Use

The term Virtual Office Website ("VOW") refers to a Participant's (REALTORS®) Internet website, or a feature of a Participant's Internet website, through which the Participant provides real estate brokerage services to Registrants (clients and prospects) with whom the Participant has first established a relationship where the Registrant has the opportunity to search for MLS® data, subject to the Participant's oversight, supervision and accountability. By agreeing to these "Terms of Use" you:

  1. acknowledge and understand that the Terms of Use do not create an agency relationship and do not impose a financial obligation on the Registrant or create any representation agreement between the Registrant and the Participant;
  2. understand that all data obtained from the VOW is intended only for your personal, non-commercial use;
  3. do have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered through the VOW
  4. agree not to copy, redistribute or retransmit any of the data or information provided;
  5. acknowledge the Board/Association ownership of and the validity of the copyright in the MLS® database.
  6. agree that all information provided may be provided to the relevant Board and may be used to administer and operate the VOW and to investigate any breach of security of the data or the MLS® rules
  7. that a "mouse click" is sufficient acknowledgement and agreement to the terms
  8. must supply a user name and a password, the combination of which must be different from those of all other Registrants on the VOW, before being permitted to search and view information from the MLS® database via the VOW.
  9. must provide a valid email address. The Registrant may be permitted to access the VOW only after the Participant has verified that the email address provided is valid the Registrant's agreement to the VOW's Terms of Use is confirmed.
  10. understand the Participant must at all times maintain a record of the name, telephone number and email address supplied by the Registrant, and the username and current password of each Registrant, such records to be kept for not less than 180 days after the expiration of the validity of the Registrant's password. If the Board/Association has reason to believe that a Participant's VOW has caused or permitted a breach in the security of the data or a violation of MLS® rules related to use by one or more Registrants, the Participant shall, upon request, provide to the Board/Association a copy of the record of the name, email address, telephone number, username, current password, and audit trail, if required, of any Registrant identified by the Board/Association to be suspected of involvement in the violation.
  11. Understand that information on this site is deemed to be valid but is not guaranteed. It is the responsibility of the registrants to confirm all information on their own. Broker may not have reviewed or approved listing enhancements. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  12. Understand any agreement entered into at any time between the Participant and Registrant imposing a financial obligation on the Registrant or creating agency representation of the Registrant by the Participant must be established separately from the Terms of Use, must be prominently labelled and may not be accepted solely by mouse click
  13. have received, read and understand the brochure published by the British Columbia Real Estate Association entitled Working With a REALTOR®

Having agreed to the terms and conditions of use, I would like to have access to this VOW information.

 Terms and Conditions I agree to the Terms and Conditions

[x] close

Login for VOW Access

Remember me

Don't have an account? Register now!