According to a Sutton West Coast realtor, it appears home sales are starting to pick up in East Vancouver.
Steve Saretsky says it’s still too early to tell if it’s going to persist, but it’s looking good for the beginning of the month.
“Well, it’s six months after the foreign buyers tax… so I’m not sure if some of the shock has maybe worn off, and maybe people are starting to get back into the swing of things, but that’s kind of where we’re at right now. So I think it’s too early to call, but it’s definitely something to note and to keep tracking as we move through March.”
Last year there were only 77 sales for the entire month of March.
“There have been 60 sales so I mean… that’s still off from last year’s 77 but if you look that up historically, 60 sales through the first 11 days is pretty good.”
Saretsky says so far there’s no explanation as to why sales are picking up, adding there are fewer listings.
He says the average East Vancouver home sells for about $1.4 million dollars, with condos selling for about $500 thousand dollars.