East Vancouver Townhouse Market Update – August 2017

08.08.2017

The townhouse market in East Van is still quite busy, though it’s down from it’s peak in April. The overall sales to active ratio is 55%, though it’s 33% for 1 bed townhouses, 35% for 2 bed townhouses and 66% for 3+ bed townhouses. Keep in mind that it’s a Seller’s market above about 20%, so expect competition if you’re looking for a townhouse.

The HPI Price for all townhouses in East Van is $854,900, though if you’re looking to buy a freehold property, one with more than 2 bedroom and in a location close to downtown, you’ll need to be ready to spend quite a bit more. Average price (and average price per sqft) is $340,000 ($492/sqft) for 1 bed townhouses (there was only 1 sale, so the numbers are skewed), $973.983 ($912/sqft) for 2 bed townhouses, $996,800 ($740/sqft) for 3 bed townhouses. Note that most of the 3 bed units are further from downtown and often leasehold units, which is cheaper than a freehold unit (a simple estimate would be about $500/sqft for leasehold and over $800/sqft for freehold).

View all East Vancouver Townhouses for Sale

View all East Vancouver Half Duplexes for Sale

Inventory levels have remained steady over the last few months, though they’re historically low. There are 3 one bed townhouses for sale, 17 two bed townhouses for sale, 33 three bed townhouses for sale.

Take a look at the numbers:

(Orange is 1 Bed Townhouses, Blue is 2 Bed Townhouses, Green is 3 Bed Townhouses and Purple is East Van Townhouses in general)

Sales to Active Ratio – 1 Bed vs 2 Bed vs 3 Bed Townhouses:

Total Inventory – 1 Bed vs 2 Bed vs 3 Bed Townhouses:

Average Sales Price – 1 Bed vs 2 Bed vs 3 Bed Townhouses:

There aren’t a *ton* of townhouses available in East Van, and with detached houses still climbing in price, townhouses are a good option for a lot of familie. Our Custom MLS Search is a great tool to use if you’re in the market for an East Van townhouse, so contact us if you want to be notified if any townhouses within your price range hit the market.

I’ve had a lot of people recently ask me about duplexes – whether it’s finding a duplex with a mortgage helper (unlikely, but when they do exist, they’ll be small) or buying both sides of a duplex with family or friends (rare because this is usually only possible with a brand new duplex). Keep in mind that duplexes are more expensive than townhouses, and you’ll still need at least $1-million to get into the market. Depending on what your priorities are, you might be able to find a detached house in Burnaby for just about the same price as a duplex n Vancouver, so they’re worth considering (and yes, we do work in Burnaby as well).

Don’t hesitate to contact us if you have any questions about buying or selling townhouses in East Vancouver.

[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!