Listings more than doubled and sales increased 50% over December. Kits listings and sales equal to January 2008. Kitsilano real estate analysis condos for January saw the average selling price drop to $433,000 and the one bedrooms were two thirds of the sales. Average $psf for solds up to $625 from $498 a year ago and an all time high. Average Days on the market for sold condos down to 21 from 68 a year ago. List price to sale price ratio 99% from 95% a year ago. December saw 70% of the sales under $500,000. 6 listings didn’t sell or were cancelled. A healthy start for the year.
Listings- 103 . 3 listed under $300,000. 25 listed between $300,000 and $400,000 (up from 9 last month), 31 listings between $400,000 and $500,000 (up from 16) ,14 listings between $500,000 and $600,000 and 27 listed between $600,000 & $1M (up from 10), 3 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
Sales 27. 21 sales under $300k. 11 sold between $300,000 and $400,000. 7 sold between $400,000 and $500,000. 6 sold between $500,000 and $600,000 (up from 2 last month) and 2 sold over $600,000. The highest was $695,000
18 were one bedrooms, 7 were 2 bedrooms and two were studios. One bedrooms selling the best.
Supply - 3.8 months. Dec 1.6.
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,
2008 Average Days on the market – January 27, February 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
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
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
Sale price to list price ratio 2008- Dec 95%, Nov 95%, Oct 96%, Sept 97%
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%
2010 – Jan 99%
Viewmy other posts for Kitsilano or search for Kitsilano listings.
When you’re ready to buy or sell Kitsilano or Vancouver real estate, contact Maggie, an experienced agent marketing Vancouver real estate since 1981.
keep up to date with Vancouver’s changing real estate market, subscribe via RSS or email
You must log in to post a comment.