Each and every month we post our neighbourhood statistics and analysis of trends specific to the East Vancouver market. Register for our market update to have the most up-to-date statistics sent to you automatically each month. We really try to put what is commonly considered more of an art than a science, into a formatted newsletter that explains the feeling of the market, in addition to the sales statistics.
When we sat down to think about what statistics are most important in order to understand what the market is doing, we decided to look at month to month and year over year comparisons for that current month. This gives us a peek at the current year trend, as well as the trend of this year compared to the last. These comparisons also help us provides some context for comparing different markets and accounts for seasonal fluctuations in the East Vancouver real estate market, in addition to giving us the current direction of the market. From there, we break down the specific product segments into both price brackets and number of bedrooms, to see which areas are seeing the most activity. To do this, we use a percentage called the “Absorption Rate”, which is simply the rate at which homes are selling, versus the active listings in the market. For our purposes, we use a monthly absorption rate, which compares the past 30 days of sales with the current active inventory. We typically view anything below 15% to be more of a Buyer’s market and anything over 25% to be more of a Seller’s market. Absorption rates between 15-25% indicate a more balanced real estate market.
We provide our analysis for detached, townhome and condo markets as well. Each one of these markets is unique and requires individual attention. Just because the condo market is strong doesn’t mean the detached market is as well, and vice versa. Taking a look at them separately also provides some interesting insight into buyer demographics and which segments of the East Van market are the most active. At the end of the day, it’s all about who’s buying when.
If you have any questions or would like to discuss, please don’t hesitate to contact us directly. We are always happy to chat.
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Rare find exquisite 4 years old custom built home with soaring mountain and city view in Renfrew Heights! This 3 level beauty features: 10' high ceiling on main floor, open kitchen with huge quartz island & spice kitchen, close to school, community centre, shopping and transit. ... more
Gorgeous residence located at Central Fraser location. Close to all amenities, shops, banks, restaurants, schools and public transit. This barely 2-yr old home will impress the pickiest! High ceiling, beautiful wooden floor, large office at the main level with built in shelves, well layout living room and dining room, modern and functional kitchen with all S/S appliances. Spacious family room. Upper level features a large master bedroom with a spa-inspired ensuite and 3 more bedrooms. Bonus 1 bedroom and 2 bedroom suite at the lower level. Tastefully landscaped, fenced back yard with a double garage. ... more
Beautiful Vancouver home conveniently located in a quiet street with multiple transit options just steps away. This large North facing home sits a half block away from Franklin Elem School and is walking distance to playland/PNE. Both "The Heights" and "East Village" neighbourhoods perfectly surround this amazing property with additional easy access to North Vancouver just minutes from home. 4 BDRM + 1 BATH on the top floor with kitchen + living room on the main floor. Legal basement suite is a 2 BDRM + 1 BATH currently tenanted (month to month). Detached storage shed located in the back of house along with 2 vehicle parking. A great property to either live in, rent out, or build your dream home! Open House July 29-30th Sat & Sun 2-4 pm. ... more
Well kept Vancouver Special in quiet neighborhood 3 beds up and 2 bedroom suite and 1 bedroom suite below. The owner spent $50,000 on renovations including new roof, water tank, windows, furnace. Please bring buyers to show it. ... more
Welcome to the Pilot House at Tugboat Landing on the waterfront of Fraser river in a quiet end of Fraserview neighborhood. This 2 bedroom and 2 bathrooms’ home will amaze and calm you with a large balcony overlooking a tranquil water garden and reflecting stunning views of Fraser river. Situated on the second floor, this home spans over 950sf of living space and features 9’ ceilings, hardwood floors, granite countertops, stainless steel appliances, top of the line over sized washer and dryer and a gas fireplace. You will find plenty of storage in the master bedroom walk in closet that connects to ensuite master bathroom. Enjoy the fabulous club house with hot tub, exercise and lounge area, pool table and dance floor. Two pets are welcome as well as rentals. Great rain-screened building. ... more
Well looked after front 1/2 Duplex on a quiet tree-lined street with 3 bdrm 3 bath on 2 floors , spacious kitchen with SS appliances , high ceiling throughout the living and dinning room . Tastefully designed front yard suitable for entertaining and year round BBQ.Fantastic central location, close to John Norquay Elem & Gladstone Secondary, George Cunningham Elementary, Langara college , easy shop block to Fraser, Golf course and much more ! Don't miss this opportunity , open house July 29/30 2-4 PM ... more
Don't miss this newer, very well maintained & appointed city & mountain view home right in front of the park in great condition with Laneway potential. Call today for more info. Home features modern style with open floor on upper floor. 3 bedroom suite up and 3 suites down generate great revenues. Other features include radiant heat, central vacuum, security alar, and much much more. ... more
There are stairs to the main floor where the views are magnificent, more stairs to the bedrooms with even better views, and even more stairs to the rooftop deck (with its own gas fireplace) & stupendous views. So if you like stairs (ditch your stairmaster) & views, this is the place. It will also help if you like trains & tugs & birds & all the vibrant life of a working harbour. Avant is a unique East Vancouver waterfront community, just like the people who live there. The geothermal heating and cooling system is perfect for Vancouver's changing climate. Reclaimed brick feature walls; engineered hardwood floors; great appliances; stylish bathrooms; lots of storage (plus a locker). Easy access to downtown & the Freeway. ... more
**LOCATION** An absolute gem in a luxury neighbourhood of VANCOUVER! Only minutes away from the exuberance of downtown life without sacrificing the peacefulness found in a family suburb! Located near a STELLAR school and ABUNDANT shopping options! The BEST craftsmanship and NO EXPENSES SPARED in renovations! An ELEGANT stone gate leads to a MARBLED foyer. MAHOGANY-gilded bannisters lead above to a spacious living room. A STATE-OF-THE-ART kitchen is connected and leads to a beautifully lit patio. 3 ample bedrooms are also located on the second storey with 3 MODERN bathrooms. The main floor can house TWO MORTGAGE HELPERS- TWO RENTAL SUITES!!! Commodious bedrooms and two additional kitchens make renting EXTREMELY ATTRACTIVE!Call Now! ... more
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.