East Vancouver High-End Plummets

Posted by Brad Gannon on Wednesday, May 3rd, 2017 at 3:27pm.

This really caught my eye today:

In March 2017, not one house in Eastside Vancouver sold over 3 million. How many are listed for over 3 million? -- 72 altogether. And the 2,250-3 million price range didn't fare a lot better with only 9 sales and over 180 listings for about a 5% sell rate. That's extreme buyer's market territoryWe predict continued pressure on the higher end of the detached market to intensify as we move into summer.

The good news is homes under 1,750,000 are selling well.

 

 

 

Leave a Comment