The East Vancouver Real Estate Listings market performed well in August, after a slower July. The East Van detached house market is still the most active market in Vancouver with not enough (good) inventory to satisfy the number of Buyers. The condo market continues to perform well thanks to the number of neighbourhoods and options available to Buyers.
Overall, every market is showing a strong sales to active ratio, and that goes for many different price points. Interest rates should remain fairly steady for the next little while, and the number of new listings hitting the market should increase throughout the fall. There are a lot of Buyers eager to find something great, so they are visiting Open Houses and keeping their eye on the market, waiting for a good property. Sellers, remember that presentation of your home and marketing can make all the difference, as well as having a good negotiation team when it comes time for offers.
To find out what happened in each market in particular, take a look at our posts:
As always, don’t hesitate to contact the WeLoveEastVan Team with any questions, related to buying, selling or specific units and buildings, we’re your local experts.