The Teardown Vancouver East January 2025

January 2025

Tear Down: Deconstructing Real Estate Insights

Welcome to The Tear Down – where we begin to tear apart the complex world of real estate development into small, easy to interpret images. More than just a name, we're breaking down barriers, dismantling data, and drilling into the Vancouver East Development market specifics that matter most to small and medium-sized builders and developers.

Each edition begins to deconstruct market trends and development opportunities, transforming raw data into actionable intelligence. We're not just reporting – we're rebuilding your understanding of urban development, one insight at a time.

Greater Vancouver Real Estate Market

Units Listed

"Listing activity increased 47% year over year. Attached listings rose by 58%"

Vancouver East Real Estate Market

Units Listed

"Comparing the listing activity from all of the Lower Mainland to Vancouver East we see an increase but not at 29%"

Vancouver East Development Market for small/medium builders

Units Listed

"The listing activity in the Vancouver East Development market outpaced the Vancouver East market by 11%. The potential for Developers to secure a profitable site has gone up with the amount of REDIC sites listed at 53% higher than last year"

. . . now let's drill down and compare everything SOLD

Greater Vancouver Real Estate Market

Units Sold

"Minimal change in Sold units. Apartments sold increased by 100 units and Detached stayed relatively the same"

Vancouver East Real Estate Market

Units Sold

"The trend in the Vancouver East residential market has been experiencing an opposite effect from the Greater Vancouver Real estate market"

Vancouver East Development Market for small/medium builders

Units Sold

"The Vancouver East Development Market seems to be trending in the opposite direction of the Vancouver East Market as a whole. Sales activity differs by 27% with Half Duplex sales increasing by 48% from this time last year"

Greater Vancouver Sold Price Trend

Detached MLS Benchmark Price

"Greater Vancouver Realtors have calculated the Detached Benchmark Price to have increased by 3% Year over Year"

Vancouver East Sold Price Trend

Detached MLS Benchmark Price

"The Benchmark Price for a Vancouver East detached home comes in at a lower year over year increase at 1% "

Vancouver East Development Market for small/medium builders

REDIC Average Sold Price per Square Foot

"First off we are comparing two different measurements for sales price trend. The Benchmark Price for Vancouver East Detached compared to the trend of Average Sold Price per Square foot for REDIC properties. On the trend of PPSF, a 1% decline of REDIC properties suggest purchasing a site may be beneficial for developers and investors "

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Greater Vancouver Sold Price Trend

Townhouse MLS Benchmark Price

"Greater Vancouver Realtors have calculated an increase that is the same year over year trend as the detached market at 3%"

Vancouver East Sold Price Trend

Townhouse MLS Benchmark Price

"Drilling down deeper into the Vancouver East market the Benchmark price of a townhouse has increased by 7% year over year."

Vancouver East Development Market for small/medium builders

TOWNHOUSE Average Sold Price per Square Foot

"When calculating for average price per square foot the sold price trend for townhouses shows a decrease of 5% year over year compared to the benchmark price trend at 7%

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Vancouver East Development Market for small/medium builders

HALF DUPLEX Average Sold Price per Square Foot

"Main Neighbourhood is no surprise as coming in with the highest price of $1470 per square foot!"

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Here is a summary of the Development Market for Vancouver East:

REDIC Trends :

-The average sold price per square foot trend indicates a steady, moderate increase. Developers entering the market to purchase a development site should pay close attention to historical trends in each neighbourhood to create the largest margin possible between REDIC and Townhouse or Half Duplex prices.

Townhouse Trends :

- The townhouse average price trend per square foot appears volatile, with an initial sharp drop followed by a fluctuating but generally upward trend, though the annual performance has seen a modest decline.

Understanding the nuances and differences in the Benchmark Price compared to Average price per sq foot would be important for builders and developers to fully contextualize the price dynamics at play. Also the Real Estate Boards present their Sales Data from "processed date". Our data is presented for the month the sale occurred in.

Half Duplex Trends:

-the average sold price per square foot trend exhibits a stable, mildly increasing pattern, with the average price per square foot trending upward.

Click below for our updated daily list of Featured REDIC Properties!