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Vancouver Real Estate Market Analysis for Kitsilano

by Maggie Chandler on October 1, 2008

in Kitsilano

Kits graph 08Vancouver real estate market analysis for Kitsilano condos saw sales for the month of September flat at 24, versus 25 in August. Listings up from 165 to 184. Average price for sold condos dropped from $416,240 to $408,,159. Average Days on the market dropped from 37 to 32. September saw a bottom end market with no sales above $600,000 in this hood. Seven and a half months supply of condos. Kitsilano prices are off 10% since January.

Listings 184 - 7 listings under $300,000. 46 listed between $300,000 and $400,000. 60 between $400,000 and $500,000. 32 listings between $500,000 and $600,000. 20 listed between $600,000 and $700,000. 11 listings between $700,000 and $800,000. 4 between $800K and $1 million and 4 over $1 million.

Listings Sept 184, Aug 166, July 159, Jun 157, May 145, Apr 130

Sales 24 -Vancouver real estate market for Kitsilano saw  4 sold under $300,00 (there were no sales under $300,000 prior to March), 7 sold between $300,000 and $400,000. 4 sold between $400,000 and $500,000 and 5 sold between $500K and $600K.

25% of the sales had a list price reduction. Amazingly one sold over list price and two sold at list price.

Less than 2 months supply of Vancouver real estate condos in Kitsilano listed under $300,000. Six and a half months supply for condos listed between $300,000 and $400,000.  Fifteen months supply for condos listed between $400,000 and $500,000 and six and a half months supply for condos listed between $500,000 and $600,000.  No market for condos over $600,000 in September 2008.

Reflections: For Vancouver real estate condos in Kits the least supply is for condos under $300,000 and then between $500,000 and $600,000.

2008 SALES – Jan 26, Feb 44 , Mar 20, Apr 42, May 45, June 35, July 38, August 25, Sept 24

Days on the market  - January 27, February 18, March 18.  April 28, May 28, June 28, July 43, August 37, Sept 32

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

Average Selling Price pr sq ft $555

Sale price to list price ration – 97%

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WELCOME! And thanks for checking out my site, and wanting to know a little bit about me. I LOVE what I do, and that’s helping home buyers and home sellers in the waterfront condo neighbourhoods of Vancouver and I’ve been doing just that for nearly 30 years, so I’ve really gotten to know this market like the back of my hand. In fact I’ve seen Vancouver’s neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the West End and now the Olympic Village being built and I have an in depth knowledge of these neighbourhoods. My interest in Vancouver’s history combines with my interest in the changes and growth of its waterfront neighbourhoods. If you see me walking on the seawall, playing tennis or boating, say hello! The city of Vancouver and its neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the Olympic Village and the West End have been put on the world map with its dynamic growth, international immigration, hosting the 2010 Winter Olympics, amazing world class restaurants, geographical beauty and quality of life. Consistently voted the Best City in the World to live, you can find great shopping, sports and entertainment in Vancouver. I assist first time and trade up home buyers, investors and vacation home buyers, as well as first time and trade up home sellers, investors and vacation home sellers with the purchase and sale of houses, townhouses and condominiums. I come armed with stats and graphs and an extensive knowledge of market activity, with attention to detail that will give you piece of mind that I’m working in your best interest, I am a hard working, detail oriented, diligent individual with strong interpersonal skills, patience and a high level of integrity . My goal is to make the home buying and the home selling a fun trip with low stress and I use today’s technology to make every real estate transaction as smooth as possible by clearly answering your questions, providing expertise and offering a savvy opinion. Providing trustworthy real estate services in the Vancouver area for over 30 years

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