Review of current East Vancouver detached homes market
| Price Range | Active Listings | 3 Mth Sale | Av. 3 Mth | MOI |
| Under $800K | 134 | 207 | 41 | 3.27 |
| $800K ? $900K | 127 | 161 | 32 | 4.00 |
| $900K ? $1,000K | 100 | 132 | 26 | 3.85 |
| $1,000K ? $1,200K | 121 | 112 | 22 | 5.50 |
| Over $,200K | 180 | 78 | 16 | 11.25 |
As of June 26th, 2012 the real estate market for East Vancouver detached homes has about 4.8 months supply of homes. The selection of homes under $1,000,000 is quite limited as there are just around 360 homes available for sale. View East Vancouver detached homes for sale.
With an average monthly sales around 100 homes, East Vancouver has only 3.9 months of homes under $1,000,000. The ?real estate market in East Vancouver for detached homes under $1,000,000 is considered fairly strong, and sellers are able to command the prices they wanted.
East Vancouver detached homes over $1,200,000
East Vancouver detached homes that are over $1,200,000 take a much time to sell. With total listings of 180 detached homes and an average 16 sales a month, this market segment has over 11 months of inventory.?View East Vancouver detached homes for sale.
When compared to Richmond which currently has around 11 months of detached homes inventory, East Vancouver real estate market with just 4.8 months of inventory is in much better sharpe than Richmond.
General market trend
Home buyers are more cautious now and watching the market closely. The slower market with much more homes available for sale help to sustain buyers interest in East Vancouver. With low interest rates expected to prevail for sometime, the East Vancouver housing market is consider reasonably active. The effect of tighter lending rules and cut back in the amortization period from 30 to 25 years effective July 07, 2012 ?will take some time to work into the market.
You can?view East Vancouver detached homes for sale. and other cities here.
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