East Vancouver Townhome and Half Duplex Market Update for October 2015
The East Vancouver townhouse and half duplex market had 15% fewer listings and 13% fewer sales over August. Compared to 2014, this market has 40% fewer listings and 7% fewer sales. Average and median price have increased, though this market contains both townhouses and half duplexes, which are in two very different price points across East Vancouver, with townhouses in the low $300,000’s and large half duplexes going for over $1.5-million, which can skew the prices slightly. Overall, units in the $600,000 to $900,000 price bracket, with 3 bedrooms, were selling well. Close to half of the townhouses and half duplexes sold in September were built in 2008 or more recently, with a third of those built in 2014 or 2015.
Recent Townhouse and Half Duplex Sales in East Vancouver
One of the least expensive half duplexes sold last month was this 3 bedroom, 3 bathroom, 1200sqft home in Mount Pleasant. The front half duplex is well kept, and also offers a single garage. The home was listed for $749,000 and sold 38 days later for $749,000.
One of the most expensive half duplex sales in East Vancouver last month was this 6 bedroom, 4 bathroom unit in Grandview. The 2053 sqft home is brand new, and offers the potential for a 3 bedroom suite on the lower level of the home (a second suite is quite rare for a half duplex). Listed for $1,226,000, this home sold 28 days later for $1,200,000.