Vancouver real estate market analysis for Kitsilano condos saw sales for the month of November down to 12 from 15 in October. Listings down from 187 in September to 171. Average price for sold condos down from $427,850 to $408,250 (equal to September). Average Days on the market increased from 36 to 44. October saw a bottom end market with 10 of the 12 sales under $500,000 in this hood. Kits condo supply up from 12 months to 14 months (versus 4 months in January). The price range over $400,000 has the most inventory. Kitsilano prices are off 12% since January. November had the least number of sales for the month of November for the entire decade.
Listings – 171. 11 listed under $300,000. 55 listed between $300,000 and $400,000. 102 listed between $400,000 and $700,000 and 3 over $800,000
2008 Listings - Nov 171, Oct 187, Sept 184, Aug 166, July 159, Jun 157, May 145, Apr 130
Sales – 12. Three sales below $300,000. 6 from $300,000 to $400,000. Two between $400,000 and $700,000 and one over $800,000.
Least expensive was 522 sq.ft. l bedroom sold for $245,000 ($469 pr sq ft). This condo sold in summer 2004 for $173,000. Least expensive 2 bedroom sold for $380,000 for 850 sq.ft. ($447 pr sq ft).
2008 SALES - Jan 26, Feb 44 , Mar 20, Apr 42, May 45, June 35, July 38, August 25, Sept 24, Oct 15 , Nov 12
supply – 4 months under $300,000. 9 months of inventory between $300,000 and $400,000. 51 months between $400,000 and $700,000
Best value? 689 sqft l bedroom sold for $320,000. Last time it sold was spring 2006 for $327,500
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
Average 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
Average Selling Price pr sq ft – Nov 511 , Oct $518, Sept $555
Sale price to list price ratio – Nov 95%, Oct 96%, Sept 97%
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
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{ 1 comment… read it below or add one }
Such an in-depth analysis, very impressive stuff Maggie.
Sharon Hollas – Surrey Real Estate
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