East Van House: Real Estate Update for February 2014

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real estate february 2014 east vancouver house


The East Vancouver Detached House Market is a balanced market with lots of interest from Buyers. Quality inventory has been lacking since Fall, but we’re finally starting to see turnkey ready homes near Main St – the ideal for many families looking to make the move to East Vancouver, yet still be close to the Westside. The median and average prices haven’t changed much since last month, but they have each seen a 10% increase over last year. Grandview-Commercial Drive, Fraser and Renfrew had the most activity last month. Every Detached House sale in East Vancouver last month was under $1.75-million, however, 8 of the sales were above $1.25-million, indicating growth and interest in East Van Real Estate.

real estate february 2014 east vancouver house


The most expensive East Van House sale was a Modern Georgian Revival Style House at Quebec and 32nd. This 3661sqft home sits on a 56′ x 111′ lot and has 6 bedrooms and 5 bathrooms. The 1990-built home has a large fenced backyard, 3 car garage, and lots of updates to the living space. This home was listed for $1,648,000 and sold 20 days later for $1,680,000.

The least expensive East Van House sale was a 1825sqft 2 bedroom Character Home sitting on a small 35′ x 95′ lot. This home was in rental condition but needs some major updates in the next few years. Located near East 39th and Victoria, this home was listed for $592,000 and sold 1 day later for $592,000.

Search all Houses for Sale in East Van. Contact the WeLoveEastVan Team if you’re in the market for a house – we will ensure you’re buying a great home.