East Vancouver Real Estate Market Update Blog – August 2017

08.08.2017

Happy August WeLoveEastvan.com readers! I hope you’re enjoying the summer despite the wildfires.

While everyone is out and about enjoying their excursions, weddings and boating adventures, it seems like the Real Estate Market is the only thing not on vacation these days. Good properties are still getting multiple offers (a sharply priced one bedroom off Kingsway got 13 offers this past week!) but there are opportunities out there for over priced or poorly marketed properties. What does this mean? Buyers have to stay on their toes, and Sellers need good advice.

Though the numbers are different this month, my analysis is the same – condos are booming, townhouses are hot and detached houses are lukewarm. The market typically slows down over the summer thanks to a major drop in inventory, but the numbers show that it’s only been a slight drop in inventory, and no shortage of Buyers looking. Some Buyers are trying to buy a place while they have a rate hold on a low interest rate, while others aren’t giving up on their search.

Our team has a couple intriguing condos coming up for sale in mid-August, so needless to say we expect the market to keep moving through the summer, with a slight downtown over the Labour Day long weekend, picking up again in the second or third weekend of September.

Keep in mind that the numbers vary depending on neighbourhoods and types of properties, i.e. Renfrew will be slower than Grandview, so if you would like more information on a particular type of home or neighbourhood, let us know and we’ll give you the stats.

(Green is Detached Houses, Blue is Townhouses, Orange is Condos)

Total Inventory:

Sales to Active Ratio:

Home Price Index (HPI) Price:

Check out my more detailed look into the East Van condo, townhouse and detached house market:

East Vancouver Condo Market Update

East Vancouver Townhouse and Half Duplex Market Update

East Vancouver Detached House Market Update

As always, if you want to chat real estate – either buying or selling – shoot me an email :)

[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!