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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Ground level 1 bedroom condo across from Pandora Park in the fantastic East Village neighborhood. The suite is move-in ready in a solid, well run building that has been fully rain screened. Some features include: outdoor deck, in-suite laundry, gas fireplace, an open concept renovated kitchen with Corian counters and stainless appliances, bamboo floors throughout. Exceptional location!, just a short walk to transit, coffee shops, stores like Donald's Market, breweries, trendy restaurants and bars, only a short drive to Downtown or N Van. Pet friendly. Open House Sunday September 24th 1-3 pm. ... more
They don't build them like this anymore ... Top Floor Corner unit, wrap around Balcony, Vaulted Ceilings with exposed beams & 4 skylights. Centrally located to shopping & just minutes to Downtown, Freeway entrance & the North Shore. South East exposure with lots of windows over looking McGill Park & views of the Harbour, City lights, Fireworks & Mountains. Well maintained building. Newer stainless steel appliances. 2 pets okay & 2 parking spots side by side & storage. Bring your Decorating ideas with you. ***SNEAK PEAK Thursday Sept, 21st -5 to 7 PM *** OPEN HOUSE Sat Sept 23rd and Sun Sept 24th - 2 to 4 PM. ... more
BRAND NEW, architecturally designed, large (1455 SF) BACK unit 1/2 DUPLEX with a huge yard/garden. Main floor has 9ft ceilings, lovely, spacious open plan kitchen (granite counters) dining & living room. French doors leading out to garden. 2nd floor has 3 very good sized bedrooms sharing a large 4pc bathroom. 3rd floor is a fabulous master suite with 2 walk in clsoets, tasteful ensuite bathroom & balcony: perfect for morning coffee! Situated on a quiet cul-de-sac with beautiful playground - the location is IDEAL! 1 blk from public transportation & close to schools. Sneak Peek Thurs, Sept 21 from 5-630pm. Open House, Saturday & Sunday, 2-4pm. Come & see for yourselves. If you want a private showing, easy to show! This place is SPECIAL. ... more
A quality concrete high-rise, situated in desirable Collingwood Village by BOSA, featuring a functional floor plan with in-suite laundry and plenty of in-suite storage space. This apartment, facing a quiet park, has plenty of windows offering natural light. The large den looking out over the park, could be a home office. This suite comes with one parking spot and an extra storage locker. Ideal for the active lifestyle with exercise room and entertainment facilities - enjoy the outdoors, with the numerous walking trails, and nearby tennis courts. Conveniently located - just steps to the Joyce Sky-train Station and numerous shops ... more
LOCATION LOCATION!! Nestled in the heart of Old Main Street, this sleek urban CONCRETE loft-style 1 bedrm on ground level with private entrance is the perfect place to witness one of Vancouver's most exciting neighbourhood transformations (incl. viaduct redevelopment & new St. Paul's Hospital). Conveniently located just steps from the Seawall & Olympic Village w/97 Walk Score! Modern design & functional layout w/2 entrances, giving you the option of having the freedom of your own street-level entrance. Immaculately-kept w/acid-etched epoxy-coated concrete flrs, exposed concrete ceil's, open kitch w/stainless appl's, granite counters/eating bar & secure parking. Potential rental income $3500/month! Pricing includes furniture!! ... more
WAIT NO MORE - BOSA brings you, The Sussex at City Gate. Feel at home within this spacious and well laid out two bedroom property. The bright Southeasterly facing corner unit provides natural light all year round and offers, a HUGE gourmet kitchen with a breakfast bar for six people, hard surface countertops, plentiful cooking space and sleek modern appliances, perfect for entertaining! BRAND NEW flooring, upadated bathrooms and much more! Located at the base of False Creek, with local amenities and the Seawall only steps away, enjoy all that Chinatown, Main St, Olympic Village & Gastown has to offer. Inclusive of x1 secure underground parking stall, storage locker and live-in caretaker, this property is not to be missed! AGENTS OPEN Friday 10am-12pm OPEN HOUSE Sat & Sun 2-4pm ... more
Newly renovated bright townhome. Nice and bright 3 level and all updated. This spacious 1857 SF home has 3 bdrms 4 baths. Large separate kitchen, new kitchen cabinets, stove, hardwood flooring, light fixtures, new baseboards & a large patio, other features includes wood burning fireplace (currently with an electric F/P logs). Large living room down. Rec room on the main floor. NRV system through out the home. Above features 3 large bedrooms with ensuite bathroom. You will enjoy the large space and vaulted ceilings in the master bedroom. Wait till you see the large family. Huge storage with shelves. Well run beautifully landscaped complex features an outdoor swimming pool. Don't miss this one! ... more
This immaculate 1 bedroom & den home captures the true essence of the Meccanica building: freshly polished concrete floors, exposed HVAC ducting, the CresseyKitchen w/ high gloss cabinetry, integrated appliances, & white quartz countertops, Grohe fixtures, sliding bedroom door, roller blinds - all make for a very sleek & modern look. Good size balcony, interior storage, in-suite laundry, soaker tub, & more add to the comfort & functionality. West exposure, 9'3 ceilings, & floor-to-ceiling windows provide much natural light. Includes 1 parking stall & 1 storage locker. Top quality building w/ caretaker, 2 guest suites, common roof top patio, fitness centre, more. Rentals & 2 pets allowed. Buy with confidence. 1st Showing at OPEN HOUSE Wed Sept 20, 5-7pm. ... more
Charming 4 bed, 2 bath home is located on a great street, in the prime KILLARNEY area. This is the ideal starter home with a great opportunity to Hoid & Build in the future with this LARGE 41' X 125', FLAT, SOUTHERLY exposed rear lot with lane access & perfect yard, deep enough to house a spacious 820 sqft Laneway home too. In addition, this home has had many updates over the recent years. Roof, Furnace, On-Demand Hot water, windows, large deck with Composite decking, fully insulated, a good height basement (7'3) that been updated with a new bathroom, drywall, wiring, plumbing & flooring. Close to all levels of schools, transit & shopping. 1st SHOWINGS, THURSDAY, Sept 21 from 5-7pm & OPEN HOUSE: SATURDAY, Sept. 23rd 1-4pm. ... 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.