The townhome market in East Vancouver has been busy, partly thanks to the continued increase in inventory available. With more options to choose from, Buyers are willing to consider their different options. The average price rose to $660k, while the median price dropped to $627k – making these units still much cheaper than some of their westside counterparts. The busiest markets are the $700k to $800k townhome market (most likely 3 bedroom units), and the $500k to $600k market (larger 2 bedroom units). The price per sqft has increased to $500/sqft, mostly thanks to the increase in newer developments charging more per sqft than some older buildings.
Recent East Vancouver Townhome and Half Duplex Sales
One of the most expensive East Van townhomes sold last month was a 1522 sqft half duplex located in Cedar Cottage. This 4 bedroom, 3 bathroom home has a large, double height living room, 2 levels, lots of updates and a single garage. It was listed for $849,000 and sold 3 days later for full asking price.
One of the least expensive East Van townhomes sold last month was a 723sqft 1 bedroom, 1 bathroom unit in La Villa at 3477 Commercial St (near 19th). This 2 level loft style unit has a great 255 sqft private patio and in suite laundry. The unit was listed for $349,900 and sold 7 days later for $382,000.