East Vancouver Real Estate Market Update for October 2017
East Side sales clocked in at 287, up from 256 in Sept and but lower than the peak of 454 in May. Jun'15 was the runnerup with 448 sales. October sales increased 47% from a year ago.
House sales topped in Jun'15 at 220. Oct sales were 107, up 62% from a year ago
Townhomes sales peaked in Apr'15 with 49 sales and have declined to 30, up 57% from a year ago
Condo sales peaked in Jun'17 with 237 but have declined to 130 which is 36% higher than a year ago
Total listings are 1,036, down 1% from a year ago. Market bottomed in Dec'15 with 500 listings and May'14 hit a peak of 1,257.
Condos inched up a tad to 204 but are 25% less than a year ago and now equal to Dec'15, which is usually the month that has the least listings.
Townhomes clocked in at 81 which is the highest for the year and up 28% from a year ago and the highest its been since June 2015
Houses clocked in at 800, which is 4% more than a year ago. The bottom was Dec'14 with 268 houses for sale
Average Sale Price
Townhomes peaked at $990,000 in June and are now at $964,000 which is 15% more than a year ago. Jan'14 was $572,000.
Condos are the most expensive they have ever been with an average sale price of $654,000, which is up 31% from a year ago. Jan'14 was $328,000.
Houses peaked in Apr'16 at $1.704.000 and clocked in at $1.681.000 in October, which is 7.5% higher than a year ago
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