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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Move in ready home on a 40' x 120' lot in desirable Renfrew Heights! This 2-level home is located on a quiet tree lined street. This flat lot has lane access. Perfect to live in, or hold and rent out as an investment property until you build! The lot has the potential to build a 3,360 sq.ft. house with a 600 sq.ft. lane way house and a 220 sq. ft. garage. Walking distance to Trout Lake, the Sky train and Beacon Fields Park. This incredible home will not last, call today! OPEN HOUSE SATURDAY, NOVEMBER 18th, 2-4pm ... more
***MOVE IN READY!!!*** Beautifully renovated home ready for a family and a tenant. Located close to Trout Lake Community Centre and Park. Plenty of room for a family with 3 bedrooms and 1.5 bathrooms. Outdoor grassy area for pets and children. Renos completed in 2011 include pot lighting, open floor plan and stainless steel appliances. LEGAL 2 BEDROOM SUITE,separate entrance and IN SUITE LAUNDRY. Excellent MORTGAGE HELPER!! Walking distance to transit and easy access to skytrain. 10 minute drive to downtown and close to shopping, restaurants and amenities.********OPEN HOUSE 1 PM- 4 PM Nov 25 & 26********--- OFFERS, IF ANY will be presented 6pm TUES NOV 28th ----------- 1ST SHOWING--**SNEAK PEEK** WED NOV 22nd-530-730pm. ... more
LIDO by BOSA a STUNNING LUXURY building in False Creek/Olympic Village area. Enjoy the Wonderful Water, City & Mountain Views from this 2 bedroom, 2 bath with flex/storage space. Beautifully decorated with many upgrades such as custom closets, built-ins in dining, master and storage rooms. This Modern OPEN PLAN has Miele appliances (including Gas Cooktop), Quartz counter tops, Brushed Oak Floors, Air Conditioning, Built In TV in Master Bath & much more. Enjoy 5 star living with Concierge, Outdoor Pool with heated Cabanas & Gym. Steps away from the Seawall, Skytrain & Olympic Village Shops & Restaurants. 1st showing Tues Nov 21st 10:30am-12:00pm. Open Thurs Nov 23rd 6-7pm. OPEN HOUSE Sun Nov 26th 2-4pm. Check out VIDEO at Realtor's Website. ... more
Custom built 3-storey home!! Prestigious home located on a huge lot 47 x 205 sf, a prime property in South Vancouver. 5337 sf house in 3 stories, 3 bdrms (4 master bdrms plus den on above, 1 bdrm on main and potentially two 2 bdrm suites in bsmt) 9 bathrms (7 full bathrms, and 2 powder room), 2 steam room, jacuzzi, big balconies in 2 master bdrms, bar, spacious living rm, family rm, sizable kitchen plus spice kitchen; high end appliances. High ceiling, granite foyer, many granite features in the whole house and HRV, A/C, surround sound system and security sys. House offer exquisite privacy backyard with fantastic gardening view and landscaping, triple garage. ... more
Desirable South Vancouver area! Well maintain 2 levels Vancouver Special features with 3 bedrooms / 2 full baths up, very spacious kitchen with dining / eating area. New flooring and paint. 2 bedrooms LEGAL suite in lower floor is good for mortgage helper. Steps to Sunset Park / Community Center, short walk to shopping, transit and all amenities. Minutes drive to Oakridge & Canada Line station, easy access to Richmond and Downtown. Henderson Elementary / John Oliver Secondary catchment. Call today for details and book your private showing. All measurements are approximate, buyers to verify if deemed important. ... more
Welcome to the heart of Mount Pleasant. This South facing top floor 1 bedroom 640 sq.ft comes with extra high ceilings in kitchen/dining/entrance and the bathroom has received a lot of love. The kitchen has been updated and is ready to entertain! A gas fireplace hosts an open concept living room with an extra getaway, the enclosed 100 sq.f.t solarium. Large master bed room, in-suite storage and comes with in-suite laundry. Features; fully updated bathroom, updated hardwood flooring throughout, quartz counters, blinds, 1 parking, 1 storage. Great unit for a first time home owner or someone looking for a charming 1 bed, blocks away from Main street, VCC, transit. 2 units rented, 5 allowed. Open House Saturday/Sunday Nov 25/26th 2-4pm. ... more
Kensington Gardens by Westbank is an integrated urban community comprised of three unique residential towers, a collection of townhouses and a residential podium linked by an elevated landscaped courtyard, a new park and plaza. This fully Air Conditioned open plan 1 bedroom + den with large living area , Miele appliances, Quartz Countertops, H/W floors and expansive windows to maximize the dramatic views. Assignment of contract please call realtor for more information. ... more
Attention Builders and potential home owners!!!! All building permits in place and ready for you to build this fantastic 4 bedroom house. This new house will feature: a craftsman design, 3 bedrooms up, 1 bedroom legal suite down, large backyard, This property is in a great location near Commercial Drive. The existing house is presently rented for $2,800.00 per month + utilities. This is a fantastic opportunity to build and design your dream home. Please contact LR to receive a copy of the buildings plans. ... more
Super Fraser area location! Sitting high on top of quiet tree lined street, this is an ideal property to build on. Views out towards Burrard Inlet and Northshore Mountains from the deck and second floor. House was raised 35 years ago, creating a garden level basement. Backyard has lovely sunny western exposure with fully fenced yard and single car garage. Main floor offers 2 bedrooms and 4 pc bathroom, with finished attic up, and one bedroom suite with ultra-high ceilings below. ... more
Two bedrooms + den in Killarney area/Kingsway. South facing with a lot of sunshine. New laminate flooring on living and dining room (the new laminate flooring are concrete flooring underneath). Pets allowed with restriction. Ensuite laundry, gas F/P, 1 parking, 1 separate storage! Walking distance to shops, restaurants, banks, schools, transit, etc. Close to supermarkets, banks and Joyce Skytrain station. All meas. are approx, buyer & agent need to verify. Won't last long, please take a look before sold. ... 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.