The East Van townhouse market is still quite busy, with a 36% sales to active ratio. Sales dropped slightly over last month, but inventory remained steady at 49. The average sales price is $743,122, while the median sales price is $685,500.
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Take a look at the price difference between brand new and resale townhouses in East Van:
I expect this market to be busy, because of the limited inventory available in the city and the balanced detached market (which will make it easier for townhouse owners to jump into a house). I was happy to see the Grandview Community Plan allow for more duplexes and townhouses, but it will be aways before they come to fruition. (Read our Grandview Community Plan blog post here)
Don’t hesitate to contact us if you have any questions about townhouses in East Vancouver.
If you’re researching your options to sell your East Vancouver townhome, don’t forget to use our Home Evaluation tool – it’s free and no obligation, and takes just thirty seconds to submit!