East Vancouver Condo Market Update – August 2015

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East Vancouver Condo Market Update

The East Van condo market had a 28% sales to active ratio in July, with 105 sales and 373 current listings. The average sale price is just over $400,000 while the median sale price if $350,000 – indicative that there are a lot of high priced condos, but just as many listings under the $350,000 mark. You’ll find most of those inexpensive listings in oft-overlooked areas of East Van like Collingwood and Hastings East, though you may find some affordable options in Grandview-Commercial Drive and Mount Pleasant. The most active markets last month were, not surprisingly, the $300k to $600k price range, and $800k to $900k. Some of the highest priced condos in East Vancouver are in condos bordering the West side and hugging the east end of False Creek. Look for more listings to hit the market in September, and be sure that you’re pre-approved financially and connecting with us to ensure that you’re on the right path to finding a great home.
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The East Van market is still quite varied depending on the building, the views and the neighbourhood. Check out some of your options here:
One of the most expensive condo sales in East Van last month was this renovated loft in The Mecca at 272 E 4th Ave. This 1355sqft unit has 2 bedrooms, 2 bathrooms and easy access to a large common roof top patio. The unit has polished concrete floors, brand new kitchen and bathrooms, 18’ ceilings, and many more great design decisions. The Mecca is a concrete work/live artists loft building in Mount Pleasant, close to some of the best restaurants, breweries and shopping. The unit was listed for $789,000 and sold a week later for $910,850.
east vancouver condos recent sales august 2015
One of the least expensive condo sales in East Vancouver last month was this 448sqft studio unit in Mount Pleasant. This unit has been updated with a newer kitchen, bathroom ad paint, with a built in murphy bed, storage locker and parking. The building has seen some updates over the years with new plumbing, exterior paint, roof and hot water tank. The building does not allow rentals, so it would have to be purchased by someone owning it to live in. This unit was listed for $225k and sold 56 days later for $214k.