East Vancouver Real Estate Market Update: October 2014

Happy October everyone! With the cool breeze in the air, Fall has definitely arrived. It’s always an interesting time in real estate because it can often affect how you feel when you view potential homes. For those searching for a condo, townhome or house in East Van, you’ll be able to see how the space feels on a grey day (which is often in Vancouver), and you’ll see if the space loses any of it’s privacy when the trees lose their leaves. Outdoor space becomes slightly less important, and warm interior spaces can take centre stage. For Sellers, be sure your home looks inviting and warm, and when the weather gets a little colder, have the fireplace on!

I feel like I’ve been saying this for a few months now, but inventory just hasn’t been as good as we hoped for this Fall Real Estate Market. There are still a lot of Buyers looking to get into the East Van detached house market, but there aren’t many homes to choose from. If you’ve been thinking about selling, now can be a great time – we still have two months of Real Estate activity before things slow down for Christmas. Contact us and we’ll tell you how we can get the most value out of your home on the current market.

Take a look at our more specific market updates:

East Vancouver Condos

East Vancouver Townhomes and Half Duplexes

East Vancouver Houses

For every market, take a look at the difference between September 2013 and September 2014 – there is quite a significant decrease in inventory with an increase in prices.