East Vancouver Detached House Market Update – June 2016
The detached house market has been up and down this past year (admittedly, mostly up). The sales to active ratio this past month was 42%, which is up from the 41% last month, though down from the 51% high this time year, and the 35% we saw at this time two years ago. The average price for a detached house in East Van was $1.645-million last month, slightly down from last month, but up from $1.239-million at this time last year and up from $1.018-million at this time two years ago.
Thankfully, the detached house market in East Van has seen a continued increase in inventory over the last few months – we’re at 480 listings right now – which is more than the highest inventory numbers we saw last year (which was 460 listings in September).
The hotspots are Fraser, Grandview and Main.
View all East Vancouver Houses for Sale
Contact us if you have any questions about the detached house market in East Vancouver.