Vancouver Real Estate – East Side’s Community Snapshot

Community Snapshot – Vancouver East

Vancouver’s East side real estate market is kind of that “in the middle” market place. Though it can run hot and cold, the heat or ice is often a result of what the other communities which at times, seem to exhibit more market drama.

As an adjunct to yesterday’s Vancouver West side commmunity snapshot. Looking at prices alone, the east side by comparison appears to be relatively steady.

During the periods of April 28, 2011 to May 27, 2011 and May 28, 2011 to June 27, 2011 Vancouver single detached home sales determined the following results.

Total Listings

Listings decreased from Apr/May’s 713 to May/Jun’s 619.

Vancouver East Homes Sold

Sales dropped from Apr/May’s 193 in May/Jun’s 107.

Expired, Days on Market

  • Apr/May had 34 listing mandates expire. Expired mandates decreased to 26 in May/Jun.
  • It took 28 days to sell a home in Apr/May and 20 in May/Jun.

Vancouver East Side Homes Average and Median Prices

  • Apr/May’s Average Ask price was $870,695. The Average Ask price decreased in May/Jun to $850,915.
  • The Median Ask price in Apr/May was $829,900. The Median Ask price slowed to $828,000 in May/Jun.
  • The Average Sold price in the Apr/May was $872,317. In May/Jun sold prices jumped up to $879,520.
  • The Median Sold price in Apr/May was $838,000. In May/Jun the median sold increased to $843,800.

Thoughts

As postulated the east side prices appear to emulate the price escalations and the slowing sales seen on the west side. The matched step of both communities is not overtly surprising as each offer proximity to the city, an abundance of quality amenities and long established neighbourhoods.

As in the picture, sometimes you can even find a neighbour you can get close to.

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

When Life Moves You - contact Larry:

*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

Reader Comments:

stats don't lie Says:
June 28th, 2011 at 5:31 pm

45% drop month-over-month in sales… did anywhere in the Greater Vancouver area do well this month???

vangrl Says:
June 28th, 2011 at 7:09 pm

how the hell are they able to even build that house so close to the other one? no hammer swinging room there

June 28th, 2011 at 9:19 pm

@vangrl
the old white house when built (I’m guessing around 1900) encroached onto the other property. This is not uncommon. It does serve as reason to get a survey or title insurance when buying a home. In some boggy parts of our city the houses actually have leaned into the neighbour. Got a few minutes? Take a drive between Main and Fraser on 16th, 17th, 18th. There are some beauties there. Bog maps are available at city hall.

vanpro Says:
June 28th, 2011 at 9:21 pm

Same stat can sum it up: MOI nearly doubles from about 3.0 to 6.0.

vangrl Says:
June 28th, 2011 at 9:33 pm

oh fun, i will!

ChadMpNP Says:
June 29th, 2011 at 7:32 am

I know it sounds like an excuse but the Canucks in the finals had people not dong ANY work.. including buying/selling RE.

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