Townhouse Sales in East Vancouver
The East Vancouver townhouse market has a sales to active ratio of 2, which means there aren’t enough listings to satisfy the demand. This high sales to active ratio is primarily due to the 2 bedroom townhouse market, which has a sales to active ratio of 2, whereas the 3 bedroom townhouse market has a ratio of 1 (every townhouse that is listed is sold). The average sales price for townhouses in East Van is $767k which is the highest the sales price has been ever, and is $129k more than this time last year and $34k more than last month. Meanwhile, inventory is at the lowest it’s ever been, with only 27 listings, matching the numbers in December last year. There were 75 listings at this time last year.
Take a look at how the 2 bedroom vs 3 bedroom vs 4 bedroom markets compare:
(Green is 2 Bedrooms, Blue is 3 Bedrooms, Orange is 4 Bedrooms or more)
Total Inventory – 2 Bed vs 3 Bed vs 4 Bed East Van Townhouses:
Average Sales Price – 2 Bed vs 3 Bed vs 4 Bed East Van Townhouses:
This half duplex and townhouse market in East Van will remain busy as Buyers move up from their 2 bedroom condos into larger 3 bedroom townhouses. Unfortunately, there just aren’t many of these types of properties, so competition will be strong amidst Buyers.
Don’t hesitate to contact us if you have any questions about the townhouse market – you need to be knowledgable and prepared to buy if you’re going to be successful given the strong competition.