Regions of the lateral posterior parietal cortex (PPC) tend to be more active during recognition of previously studied items compared to correct rejection of unstudied items. Previously, we demonstrated that this effect is source-specific. While items that were encoded through visual perception elicited robust successful retrieval activity in the lateral PPC during a subsequent source memory test, items that were visually imagined did not elicit this effect. Memories of perceived events typically contain more perceptually-based contextual details than memories of imagined events. Therefore, source-based differences in lateral parietal activity might be due to a difference in the perceptual vividness of memories of perceived and imagined events. The goal of the present study was to test this hypothesis. Participants perceived and imagined items in both high and low perceptual vividness conditions. Experiment 1 demonstrated that memories for items encoded in the high vividness conditions contained significantly greater visual detail than memories encoded in the low vividness conditions. In Experiment 2, participants were scanned while they made source memory judgments about items that were previously perceived and imagined in high and low vividness conditions. Consistent with previous findings, the left lateral PPC was more active during retrieval of perceived compared to imagined events. However, lateral PPC activity did not vary according to vividness, suggesting that source effects in this region cannot be explained by a difference in the perceptual vividness of memories encoded through perception versus imagination.