January 2024 Real Estate Market Update for Vancouver Eastside (Houses)
🏡✨ Exciting News in the East Vancouver Real Estate Market (Houses/Detached)! 🔑
The latest market report for January 2024 brings some fantastic updates for both buyers and sellers. 🏠💰
🌐 Balanced Market: The market is looking pretty balanced, with a sales ratio averaging 15%, translating to 1.5 out of 10 homes selling.
💲 Price Insights: Homes in East Vancouver are going for an average of 1% below the list price. While this may not seem like a big difference, it is still something to keep in mind while buying or selling a home.
📈 Hot Price Range: The sweet spot this past month has been homes priced between $1.25 million to $1.5 million, boasting a high sales ratio of 70%. Looks like a seller's market in this range, so keep an eye out!
🏡 Buyer's Picks: For potential buyers, the Grandview Woodland area is taking the spotlight. With a benchmark price of around $1.8 million (a 6.5% increase from last year), it's a popular choice. Buyers are particularly keen on the $2.25 million to $2.5 million range this month.
💼 Top Selling Areas: If you're thinking about selling, Hastings and Fraser are leading the way with impressive sales ratios of 67% and 63%. But guess what? South Marine takes the crown this month! There were two listings in this area, and both of them sold! The benchmark price sits around $1.4 million.
Below is the neighborhood, the benchmark price and the one year change. ⬇️
- Collingwood $1,715,800 + 9.0%
- Fraser $1,858,100 + 14.9%
- Fraserview $2,325,900 + 19.0%
- Grandview Woodland $1,834,900 + 6.5%
- Hastings $1,708,600 + 3.3%
- Hastings Sunrise $1,798,500 + 3.6%
- Killarney $1,986,200 + 13.0%
- Main $2,047,500 + 15.0%
- Mount Pleasant $1,907,500- 1.2%
- Renfrew Heights $1,745,000 + 7.3%
- South Marine $1,422,700 + 13.5%
- Strathcona $1,658,900 + 2.0%
If you have any questions or are looking to Buy or Sell, feel free to reach out to me. I’m here to assist you every step of the way!
SEARCH ALL HOMES, AREAS, & NEIGHBOURHOODS: https://listitvancouver.com/
Looking to Buy or Sell? Let’s Connect and make your Real Estate Dreams come true!
“Buy With Confidence, Sell With Success”
CALL: 604-767-7725
EMAIL: erin@priceemery.com
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