Vancouver’s Kitsilano Market Analysis August 2008
by Maggie Chandler on September 8, 2008
in Kitsilano
Vancouver’s Kitsilano condo neighbourhood saw sales for the month of August drop from 38 to 25 and listings up slightly from 159 to 165. Average price for sold condos dropped from $439,663 in July to $416,240. Days on the market dropped from 43 to 37.
Listings 166(159 in July). Of those 44 had price reductions (vs.46 in July). 94 are listed under $500,000 and 65 between $500,000 and $1 million and 6 over $1 million. Cheapest Kitsilano studio $229,000, cheapest 2 bedroom $449,000 for 850 sq.ft.
Sales 25 – 8 had list prices reduced (vs. 14 in July). 22 Kitsilano condos sold under $500,000 and 3 between $500,000 and $850,000. There is a 4.2 month supply of condos under $500,000 and a 21.6 month supply of condos over $500,000 and none selling over $1 million. Least expensive Kitsilano sale was under $270,000.
2008 SALES – Jan 26, Feb 44 , Mar 20, Apr 42, May 45, June 35, July 38, August 25
Days on the market – January 27, February 18, March 18. April 28, May 28, June 28, July 43, August 37
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
During August Kits condo market was in step with the rest of Vancouver’s condo market.
View my other posts for Kitsilano or search for Kitsilano listingsIf you are buying or selling a condo in Kits, please fill out my contact form.this site is updated regularly, subscribe via RSS or email FOR FREE
Tagged as:
average price,
kitsilano market analysis,
Vancouver Real Estate
Post by
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
has written 2062 articles.
You must log in to post a comment.
{ 1 trackback }