May Sales Statistics
June 7th, 2007 Categories: Kitsilano, Vancouver Real Estate
Resale condos in Kitsilano last month had 85 listings.
Of these, 11 were under $300,000, 55 were between $300-$500,000 and 18 were between $500-$1,000,000. One listing was over $1,000,000.
Least expensive was $278,000 for 545 sq. ft. in an older building - $495 per sq. ft.
Looking now at sales, we see there were 47 sales in may’07, with less than 2 months’ inventory on the market. Compare with 53 sales in April’07 and 48 sales last year in May ‘06.
We saw 10 sales at under $300,000, and 29 under $500,000 while 8 went for over $500,000. The least expensive sale was $224,000 for 465 sq. ft. ($481 per sq. ft.) The most expensive was $702,000 for 1053 sq. ft. in Arbutus Walk ($666 per sq. ft.)
There were 26 condos sold over list price and 7 sold at list price. Of 47 sales only 14 sold below list. So it looks like it is still a hot market for kits condos.
In townhomes we saw 47 listings from $436,000 for 832 sq. ft. to $1,999,000 for 1800 sq ft which is $1100 per sq. ft. Of these, 29 are listed under $1,000,000.
There were 21 townhome sales, with 5 under $500,000, 12 between $500- $1,000,000 and 4 over $1,000,000, with 2 months’ inventory on the market. Of those sales, 10 sold over list and 3 at list, leaving only 8 selling under list price. Once again, indicating that it is still a hot market.
Compare: 25 sales last month in April’07 and 28 sales last year in May’06.
Kitsilano Houses
In May we saw 34 listings for Kitsilano houses. Of these, 8 were under $1,000,000, and 3 were over $2,000,000. The most expensive of these, on Point Grey Road, listed at $5,528,000.
There were 23 house sales this May, with 5 under $1,000,000 and 2 over $2,000,000. The most expensive was $5,750,000. Of these, 8 went at over list, while 3 were at list. With a month and a half worth of inventory on the market, this is still a tight market.
Now compare last year’s 22 sales in May’06, and last month’s 30 sales in April’07.
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