East Vancouver Detached House Market Update – February 2015

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detached houses in east van

The East Vancouver detached market remains the most active market in Vancouver, showing a 32% sales to active ratio. The number of listings is down compared to this time last year, but the number of sales is up. Good properties are being snapped up quickly, often with multiple offers and strong bids. The most active markets, showings sales to active ratio’s above 40%, are the $900,000 to $1,250,000 market and the sub-$800,000 market. The average and median price are in the low $1.1-million’s. Main, Mount Pleasant, Grandview, Renfrew and Victoria were the hottest markets last month.

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least expensive detached houses sold in East Van

One of the least expensive detached houses sold in East Van last month was this 1830sqft home sitting on a 33’x115′ lot on East 33rd near Gladstone. This 100 year old house needs a big renovation, interior and exterior. This home was a court ordered sale – it was listed for $749,000 and sold 69 days later for $800,100.

most expensive detached house sold in east van

The most expensive detached house sales in East Van last month were $2-million + sales in South Vancouver and Fraserview. Closer to downtown, one of the most expensive detached houses sold was this home on East 2nd near Commercial Drive. The home sits on a 33’x122′ lot, and offers 2851sqft of remodelled interior that retains some of the heritage characteristics though offers modern features. The home also has a 2 bedroom mortgage helper on the lower level. This home was listed for $1,499,000 and sold 5 days later for $1,718,000.