July saw a small drop in listings and a 30% drop in sales in Vancouver’s Kitsilano condo market, resulting in a good market for buyers. 65% of the sales were under $500,000, favouring lower end sellers. In general, Sellers need to be priced no more than 2% above market value in order to attract an offer.
HPI Price over the last year is up 2.9% for Kitsilano condos.
- listings down – 135
- sales down – 27
- average days on market for solds – 31
- sellers moved an average of 2% off their list price
- average sale price $498,132 – up
- average $psf $648 – up
- best selling price range – under $500,000
- Supply is 5 months
What does it Cost Me to Buy Kitsilano Real Estate?
Kits offers a selection of houses from $1.3M. Towhomes from $400,000, duplexes from $700,000 and one bedroom condos from the low $300s and 2 bedrooms from the low $500s.
Buying or selling in one of Vancouver’s most sought after neighbourhoods? I arrive armed with stats and facts, coupled with 30years of knowledge from working in Kitsilano!