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 knowledgable, 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.
Recent East Vancouver Detached House Sales
One of the most expensive house sales last month was this fully renovated Vancouver Special on East 36th between Main/Fraser. The home was fully renovated by Arix Development, so the Buyer can be assured that the quality of the renovation was high. This home has just over 2500sqft of interior space including 3 bedrooms for the main home and a 2 bedroom basement suite. This home was listed for $1,989,000 and sold a week later for $2,130,000.
One of the least expensive house sales in East Vn last month was this old home sitting on a 33′ x 94′ lot near Fraser St and East 16th. The home currently has about 1600sqft, but it’s worth is in the development potential – the lot would allow a duplex to be built. This home was listed for $998,900 and sold a month later for $978,500.