East Vancouver Detached House Market Update – July 2016
The East Van house market was the most interesting market this past month. Average price increased to $1,682,106. The sales to active ratio sits at 30%, which is quite a difference from the 100% sales to active ratio in the condo and townhouse market. This is the lowest sales to active ratio that we’ve seen since September 2014. Inventory currently sits at 547 listings, and has continued to increase since December of 2015, and is more inventory we’ve seen in any month since 2013.
View all East Vancouver Houses for Sale
The detached market is the most volatile right now, so if you’re thinking about selling, now is the time. Things should slow down in August (though nothing is guaranteed in this market) so you’ll want to list sooner rather than later as you might be facing increased competition in the Fall.
The average price of detached houses in various areas of East Van dropped compared to last month.
Don’t hesitate to contact us if you have any questions about the house market in East Vancouver.
