Low inventory is pushing prices higher

If you are fortunate enough to own a home in East Vancouver you may want to consider selling this year!

 

There is a shortfall of homes for sale in East Vancouver and this shortfall is adding to the simple economics of supply and demand. 

 

The last few sales this year in the Commercial Drive area have shown that sale prices are from $1,133,000 to $1,718,000.  

 

Time will tell if prices continue to escalate.... 

 

For property owners this is all very good news, for buyers it is frustrating to bid on houses and not have the result of a purchase. 

 

I wish you well in your endeavours, and as always if you need assistance in Buying or Selling on the East side of Vancouver, feel free to contact me. 

 

 

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