East Vancouver Detached Home Market Update – January 2016

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East Vancouver Detached Home Market Update – January 2016

detached home market update January 2016

The East Van Detached House Market remains the most active market in the city (how many months have I been saying that?!). The sales to active ratio was still a strong 39% (even though it dropped from 48% in November). The average price is over $1.45-million, up 38% over this time last year.

An interesting stat – Mount Pleasant, Main, Knight, Hastings East, Grandview and Fraser all had a 100% sales to active ratio last month.

Take a look at the inventory number for detached houses (specific to East Van) over the last few years:

Seller: Contact us if you’re interested in selling your property. Proper marketing, presentation of the property and negotiation techniques become very important in a market this busy.

Buyers: You need to be knowledgeable, prepared and quick to move if you want to be successful in this market. Contact us to get started.

Don’t hesitate to contact us if you have any questions about the market.