East Van Townhouse Market Update for July 2016

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East Vancouver Townhouse Market Update – July 2016

The East Van townhouse market saw a 100% sales to active ratio (which basically means, everything that is listed is sold). The average price increased to $784k (it was at $611k this time last year) and inventory was steady at 40 listings (which was 69 listings at this time last year).

You can see a pattern in the stats.. when inventory was at 25 in April (which is low) the average sales price was $820k, but as inventory increased, the average price decreased. The average price per sqft was $604/sqft, and the average days on market was only 14.

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