Vancouver’s Kitsilano Market Analysis April 2008

May 15th, 2008 Categories: Kitsilano, Vancouver Real Estate

Listings 130 - 28 had price reductions and 2 had price increases. 75 listed under $500,000 and 52 listed between $500,000 and a million and 3 listed over $1 million. The least expensive $245,000 and the most expensive $3,200,000

Sales 42 - 6 had list price reductions and 1 had a list price increase. 28 sold under $500,000. 13 sold between $500,000 and $1 million and 1 sold over a million.

Days on the Market 28. Average price $484,815 . 3 months supply. Average $ pr sq ft $617. Average selling price to list price ratio: 99%

2008 SALES - Jan 26 , Feb 44 , Mar 20 , Apr 42

Reflections - under 3 months supply in the condos under $500,000. Just over 4 months supply in the $500,000 to million dollar range and 3 months supply over a million dollars. Kits remains a tight market under $1 million dollars and the most undersupplied of the vancouver west side condo markets. Listings and sales are up.

HAPPENINGS - preselling: Lumen, Mantra, Camera, Pulse, Pure, Kore, Locarno

Recently completed: Black Swan (suites still available)

View last month’s stats for Kits

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