East Van Detached House Market Update: April 2014

east vancouver detached house market update april 2014

The East Vancouver Detached House market remains the strongest market in Vancouver, with tons of Buyer sand not enough good inventory. Note the 25% increase in sales and 40% decrease in days on market. Detached Houses in East Van offer a wide variety of options: from new builds, to renovated character houses to lot value and this leads to many different options and can affect the averages in the stats. Overall, this market is seeing a 39% sales to active ratio, with the $600k to $1.25-million market seeing an absorption rate of anything from 41% and higher. If you’re interested in buying a house in East Van – let us know so we can keep you updated on this ever changing market. There is lots to know and we can help lead you in the proper direction.

east vancouver detached house market update april 2014

Recent Detached House Sales in East Vancouver

One of the least expensive East Vancouver detached house sales was at East 39th near Commercial St. This 1,069sqft house sat on a short 33′ x 99′ lot and had a detached garage. The house has a dated interior, but with a few interior renovations, this could be a great home. It was listed for $614,900 and sold 1 day later for $614,000.

The most expensive East Vancouver detached house sale was at E 27th near Prince Albert. The home was custom built and outfitted with modern finishings and amenities. This house must have had a Buyer lined up before it was listed because it sold right after it was listed for full asking price :$2,150,000.