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Vancouver Real Estate Analysis for Kitsilano

by Maggie Chandler on December 16, 2009

in Kitsilano

kits graph pic Vancouver Real Estate Analysis for Kitsilano

Listings and sales down.  Kits condo supply at a record low for the year.  Vancouver real estate market analysis for Kitsilano condos for November saw the average sale price dipped to $428,000 as more lower condos sold.  Average $psf for solds $566.  Average Days on the market for sold condos up to 26.  List price to sale price ratio  99%, indicating a seller’s market.   October saw 80% of the sales under $500,000.  5 listings didn’t sell or were cancelled, same as October and up from 2 in Sept and 6 in August.  Overall a good year, market still in need of listings.

Listings- 65 . 3 listed under $300,000.  9 listed between $300,000 and $400,000,  25 listings between $400,000 and $500,000. 11 listings between $500,000 and $600,000 and 16 listed between  $600,000 & $1M and 1 listed over $1M. Currently there are 2 studios listed, 30 are one bedrooms and 36 are 2 bedrooms.

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

Sales 39.  3 sales under $300k.  16 sold between $300,000 and $400,000.  9 sold between $400,000 and $500,000. 6 sold between $500,000 and $600,000 and 4 sold over $600,000. The highest was $665,000

23 were one bedrooms, 16 were 2 bedrooms.

Supply - 1.6 months. One bedrooms selling the best.

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

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

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

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

Sale price to list price ratio - Dec 95%, Nov  95%, Oct 96%, Sept 97%

Jan’09 - 95%, Feb 95%, Mar 96%, Apr 98%, May 98%, June 101%, Jul 100%, Aug 100%, Sept 99%, Oct 100%, Nov 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. subscribe via RSS or email

 

 

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