East Vancouver Condo Market Update – February 2015

08.02.2015

The East Vancouver condo market performed well last month, though there is still room for more activity. There were 80 sales last month, which is up from both last month and last year. The average and median prices are in the low $300,000’s. The most active market’s are the $400,000 to $500,000 market with a 33% sales to active ratio, and the sub-$300,000 market with a 21% sales to active ratio. Given the sales last month, 33 of the units are yet to be built which shows a strong pre-sale market as well.

Hastings East and Knight were two of the hottest markets in East Van last month.

View all 1 Bedroom Condos for Sale in East Vancouver

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Recent Condo Sales in East Vancouver

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One of the least expensive condo sales in East Van last month was this 552 sqft, 1 bedroom, 1 bathroom unit in 1975-built Landmark House at East 6th and Brunswick. This unit has be totally renovated with a new kitchen, new bathroom, engineered wood floors, and added pot lights. The unit comes with 1 parking, 1 storage, but no in-suite laundry (shared laundry is on the same floor). The unit was listed for $259,900 and sold 10 days later for $255,000.

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One of the most expensive condos sold in East Van last month was this 2 bedroom, 2 bathroom, 980sqft unit in Meccanica near the Olympic Village. This NW facing unit was built in 2014, with modern finishings, air conditioning, parking and storage. The building offers a gym, playground, garden and large common rooftop deck. Listed for $724,900 (+ 5% GST), this unit sold 3 days later for full price.

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