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Vancouver Real Estate Update for Kitsilano – August 2011
by Maggie Chandler on September 25, 2011
in Kitsilano
How’s the market in Vancouver’s waterfront neighbourhood of Kitsilano? Are prices up or down? What’s the average days on market? What’s the average sale price? Are listings rising or falling?
August saw listings up a notch and sales flat in Vancouver’s Kitsilano condo market, resulting in a balanced market but sellers need to be priced right to receive an offer. 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 7.2% for Kitsilano condos.
The Stats
- listings up – 143 (from 135)
- sales flat – 28
- average days on market for solds – 30
- sellers moved an average of 2% off their list price
- average sale price $463,675 – down
- average $psf $615 – down
- best selling price range – under $500,000
- Supply is 5.1 months (unchanged)
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 30 years of knowledge from working in Kitsilano!
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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.
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How’s the market in Vancouver’s waterfront neighbourhood of Kitsilano? Are prices up or down? What’s the average days on market? What’s the average sale price? Are listings rising or falling?
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