🏡✨ 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%