East Vancouver Condo Market Update – December 2014

08.12.2014

Considering that sales and new listings were expected to slow down for the holidays, the East Van condo market is still performing well. Though sales and listings are down, the sales to active ratio is still a positive 17%. The average and median price have increased over last month, and are equal to what they were last year, showing that overall, the market has been pretty steady in prices.

Looking at what sold this past month, 90% of the sales were under $500,000, with 63% of sales under $400,000. This market will also remain one of the most inexpensive in Vancouver (North Van would be in the same range) and different neighbourhoods in East Van show different price points. Condos close to Main St, Mount Pleasant or Commercial Drive command a premium that units in Collingwood or Renfrew don’t (thanks to the distance from downtown).

Buyers are starting to realize the importance of Depreciation Reports, and whether or not a building has the Depreciation Report can be a deal breaker. For Sellers, encourage your Strata Council to stay on top of building maintenance since Buyers want to see that the building is well maintained. A building in good repair lends value to the unit itself, or can help the unit sell quicker.

View all 1 Bedroom Condos for Sale in East Vancouver

View all 2 Bedrooms Condos for Sale in East Vancouver

Recent Condo Sales in East Vancouver

condo-nov2014-expensive

The most expensive condo sold in East Van last month was the penthouse unit in the new Meccanica building in Southeast False Creek. This 2 bedroom 2 bathroom home has over 1540sqft of interior space and 1300sqft of exterior space with and outdoor kitchen and hot tub. The unit was listed and sold for $1,429,900 (don’t forget to add the 5% GST).

condo-nov2014-inexpensive

One of the least expensive condos sold in East Van last month was a 613sqft, 1 bedroom, 1 bathroom unit in 774 Great Northern Way in Mount Pleasant. On the quiet side of the building, this suite enjoys a south-facing large deck & is private & looks onto a treed green space. Renovations include: New bathroom, flooring, cabinets & countertop. There is laundry on every floor & the suite has plumbing roughed in for in-suite laundry. Listed for $260,000, this unit sold for $247,000 two and a half months later.

[x] close

Login for Full MLS Access

Name*:

Password*:

Email*:

Phone:

Budget: -

Square ft.: -

# of Bedrooms:

# of Bathrooms:

Area:

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!