Vancouver’s waterfront neighbourhood of Vancouver’s Kitsilano saw a mixed real estate market in March, house prices jump 14% over the last year, townhomes up 1.3% and condos up 2.5%. House and condo sales in Kits saw a drop in March of 18% vs a year ago, townhomes dropped 30%. Listings increased 13% for houses and dropped 13% for condos and 1.6% for townhomes. All categories of properties are performing differently but overall sales are down and over the last year prices are substantially up in houses but pretty flat in townhomes and condos.
How Long to Sell a Vancouver Property in Vancouver’s Kitsilano?
In March 2012 days on the market forVancouver houses in Kitsilano was 2% less than a year ago, taking only an average of 24 days. Townhomes sold an average of 30 days and was down 17% from a year ago and condos took an average of 33 days to sell but was up 40% from a year ago. Average $psf for homes is $738, townhomes is $715 and condos $618
What’s Selling Best in Vancouver’s Kitsilano Condos?
Vancouver condo prices in Kitsilano peaked in February and are now lower than February and December. The best appreciation over the last year was condos over $600,000 which went up 8%. Kitsilano Condos between $425,000 and $600,000 present the best value with a decline of 2% over the last year.
Buying or Selling in Kitsilano?
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