East Vancouver Detached House Market Update: May 2014

vancouver east detached homes

The East Vancouver detached house market remains the most active market in Vancouver, and that shows with it’s 41% absorption rate! Every price bracket under $1.5-million shows a Seller’s market thanks to the high interest from Buyers. Average prices have remained steady between $900k and $1-million. The number of new listings continue to increase, and with this amount of interest from Buyers, there will be more Seller’s who want to take advantage of the market. Not all of the inventory is quality, and that’s where we come in to help you decipher what’s good and what you should stay away from. The good houses (i.e. well maintained and in good locations) do sell quickly, so it’s in your best interest to be prepared to buy.

vancouver east detached homes

RECENT EAST VANCOUVER DETACHED HOUSE SALES

east van detached houses

One of the most expensive East Van detached houses sold last month was a 4743 sqft house + 2700 sqft laneway house on a large 48′ x 116′ lot in East 47th and Raleigh St. The home was built in 2013 with all the latest in finishings. It was listed for $1,988,000 and sold 46 days later for $1,888,000.

least expensive east van detached houses

One of the least expensive East Van detached houses sold last month was a 1900 sqft home on a 31′ x 58′ sqft lot at Clark Drive and East 11th. The home has been updated over the years, both inside and out. It was listed for $599,000 and sold 6 days later for $643,000.

View all detached houses for sale in East Vancouver.