{"id":576,"date":"2022-09-11T12:29:43","date_gmt":"2022-09-11T16:29:43","guid":{"rendered":"https:\/\/www.kenstef.com\/blog\/?p=576"},"modified":"2022-09-28T16:06:15","modified_gmt":"2022-09-28T20:06:15","slug":"detached-single-family-homes-vancouver-west-eastside-august-2022-real-estate-for-sale","status":"publish","type":"post","link":"https:\/\/bcoceansideproperties.com\/blog\/detached-single-family-homes-vancouver-west-eastside-august-2022-real-estate-for-sale\/","title":{"rendered":"Detached Home Sales in Vancouver East vs. West, August 2022"},"content":{"rendered":"

As with all other segments of the real estate market and with other markets in the Lower Mainland (and the rest of Canada) detached home sales in Vancouver have faced somewhat of a struggle. However, per August’s market reports, total sales are actually up. Vancouver’s Eastside had a +9% variance month-to-month, while Vancouver’s Westside had a +21% variance month-to-month. These are noticeable increases a small reduction in inventory levels averaging -5%. What this means is that while it’s still a slower market than it was before, homes are still selling – eventually. The average days on market is 20 days.<\/p>\n

Eastside<\/h3>\n

In Vancouver Eastside’s detached home market the majority of houses in inventory are listed between $1.25M to $3.5M. As such, the most active price band is for detached homes priced between $1.5M to $2.25M<\/a>. With an average of 18 days on the market – +50% variance from July – the sales may take longer but the average sale price has only decreased by 1% so there isn’t a need to reduce prices to move the sale along that much<\/em>. Additionally, the type of house is important too. The majority of houses which were bought in August were single-family homes with 3 or more bedrooms<\/a>.<\/p>\n

The most popular neighbourhoods in Vancouver Eastside during the month of August are:<\/p>\n