East Vancouver Townhouse Market Update – June 2017
Just like the condo market, the townhouse market in East Van is still quite busy. The overall sales to active ratio are 70%. Breaking that down, one bedroom townhouses in East Van have a 50% sales to active ratio, two bedroom townhouses in East Van have an 87% sales to active ratio and three bedroom townhouses in East Van have a 62% sales to active ratio.
Inventory numbers are up slightly over last month, making it the most active month so far this year and also equal to some of the busiest months last year. Hopefully, this trend continues!
The average sales price and the average price per sqft has been fairly varied throughout the last 2 years. Overall, the average price per sqft is under $900/sqft with 3 bedroom townhouses at $735/sqft (likely thanks to leasehold properties in the Fraserview area). Meanwhile, the average price is $545,000 for 1 bedroom units, $864,031 for 2 bedroom units and $1,016,721 for 3 bedroom units.
Take a look at the differences between townhouses in East Van and the Westside:
Comparing 1 Bedroom Townhouse Units:
Comparing 2 Bedroom Townhouse Units in East Vancouver
Comparing 3 Bedroom Townhouse Units in East Van:
There aren’t a *ton* of townhouses available in East Van, and with detached houses still climbing in price, they’re a good option for a lot of families, so when these townhouses hit the market, they can get snapped up pretty quickly. Our Custom MLS Search is a great tool to use if you’re in the market for an East Van townhouse, so contact us if you want to be notified if any townhouses within your price range hit the market.