March saw an increase in both listings and solds in Kitsilano condos, with listings increasing about 60% and the highest since No’08. Solds doubled from Feb, with an equal ratio of sales in l and 2 bedrooms. However, the average sale price and $psf both dropped slightly and the average days on the market dropped by half, to 17 which is on par with 2 years ago . List price to sale price ratio steady at 99%. 70% of sales under $500k, same as previous month. 15 listings didn’t sell or were cancelled, up from 6 the previous month. Market balancing.
Listings- 171 - 6 listed under $300,000. 55 listed between $300,000 and $400,000. 52 listings between $400,000 and $500,000, 27 listings between $500,000 and $600,000 and 21 listed between $600,000 & $700,000, 16 between $700,000 and $1M and 2 listed over $1M.
2008 Listings -Dec 117 , Nov 171, Oct 187, Sept 184, Aug 166, July 159, Jun 157, May 145, Apr 130
2009 Listings – Jan 104, Feb 107, Mar 122, Apr 107, May 87, June 81, July 78, Aug 71, Sept 81, Oct 80, Nov 65, Dec 46
2010 Listings - Jan 103, feb 107, Mar 171
Sales . 54 -2 sales under $300k. 18sold between $300,000 and $400,000. 16 sold between $400,000 and $500,000. 8 sold between $500,000 and $600,000, 4 sold between $600K & $700k and 5 sold over $700,000. Most expensive was $900,000.
1 studio, 26 were one bedrooms, 25 were 2 bedrooms, two 3 bedrooms. In January most sales were 1 bedrooms.
Supply in months. Dec’09 – 1.6. Jan’10 3.8. Feb 3.9, Mar 3
2008 Sales - Jan 26, Feb 44 , Mar 20, Apr 42, May 45, June 35, July 38, August 25, Sept 24, Oct 15 , Nov 12, Dec 12
2009 Sales – Jan 11, Feb 28, Mar 48, Apr 43, May 41, June 46, July 50, Aug 45, Sept 40, Oct 50, Nov 39, Dec 18
2010 Sales – Jan 27, Feb 27, Mar 54
2008 Average Days on the market – Jan 27, Feb 18, March 18. April 28, May 28, June 28, July 43, August 37, Sept 32, Oct 36, Nov 44, Dec 68
2009 Average Days on the market – Jan 68, Feb 38, Mar 35, Apr 32, May 33, June 26, Jul 35, Aug 18, Sept 14, Oct 18, Nov 26, Dec 25
2010 Average Days on Market -Jan 21, Feb 36, Mar 17
2008 Average Sale Price - Jan $449,600, Feb $486,260 Mar $451,000, Apr $ 476,452, May $492,063, Jun $ 398,350, Jul $439,663 , Aug 416,240, Sept $408,159, Oct $427,850, Nov $408,250, Dec $440,000
2009 Average Sale Price - Jan $440,400, Feb $416,800, Mar $406,841, Apr $414,283, May $396,114, June $421,042, July 460,866, Aug $464,134, Sept $493,000, Oct $474,400, Nov $428,000, Dec $461,000
2010 Average Sale Price – Jan $433,175, Feb $487,650, Mar $473,598
2008 Average Selling Price pr sq ft - Dec $498 , Nov $511 , Oct $518, Sept $555
2009 Average Selling Price pr sq ft – Jan $498, Feb $511, Mar $515, Apr $519, May $523, June $557, Jul $572, Aug $586, Sept $607, Oct $584, Nov 566, Dec 572
2010 Average Selling Price pr sq ft – Jan $625, Feb 614, Mar $603
Sale price to list price ratio 2008- Dec 95%, Nov 95%, Oct 96%, Sept 97%
Sale price to list price ratio 2009 - Jan 95%, Feb 95%, Mar 96%, Apr 98%, May 98%, June 101%, Jul 100%, Aug 100%, Sept 99%, Oct 100%, Nov 99%, Dec 98%
Sale price to list price ratio 2010 – Jan 99%, Feb 99%, Mar 99%
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