East Vancouver Detached House Market Update – August 2016
The East Vancouver detached house market is slowing down faster than the other markets, in part because it’s the most expensive which makes it the most susceptible to slower activity. The sales to active ratio is a respectable 20%, down from the year’s high of 50%, in large part due to the steadily increasing inventory – the year started with 323 listings, currently sitting at 601, which is the highest it’s been since 2013. Meanwhile, the average price increased to $1.708-million, up from $1.504-million in January of this year. The average days on market is 29 days.
At the end of the day, well maintained, family houses in the hot spots (Mount Pleasant, Main, Grandview, Fraser, Knight, Victoria) are still selling quite well.
View all East Vancouver Houses for Sale
Listing of the Week: 3284 Prince Edward St
Take a look at the average price of detached houses in various areas of East Van:
Don’t hesitate to contact us if you have any questions about the house market in East Vancouver.