East Van Real Estate Market Update: July 2014

The East Vancouver real estate market remains one of the busiest markets in Vancouver, and we don’t expect this to end anytime soon, even as we enter the summer season. Typically the market slows down at this time of year, but we’re expecting it to remain busy as people continue their search for a new home. The number of new listings will slow down, but interest from Buyers should remain strong. If you’re interested in selling your house, now would be a good time to take advantage of the interest from Buyers and decreased competition. We’ll ensure your home is presented as best as possible to garner a high return.

In the East Vancouver Real Estate market, sales are up 33% over last year while inventory is down 18.4% over last year – no wonder it’s a Seller’s market with not enough (good) inventory to satisfy Buyer demand. Sales to Active ratio is at 30% – the highest it’s been since 2011.

Given these numbers, our best advice is to be active in the current market. Ensure you’re getting out to see homes soon after they’re listed and let us know what you’re looking for so we can not only keep our eye on the market for you, but we can make sure you’re knowledgeable and prepared to write an offer when the time comes.

For more information, take a look at our specific market updates:

East Van Detached House Market

East Van Townhouse and Half Duplex Market

East Van Condo Market

As always, let us know if you have any questions about the market, the real estate process or anything else East Van related. We’re always happy to help.