Kitsilano Condo

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KItsilano condo market begins 2018 in a Seller's market but has been slowing down

Kitsilano’s condo and townhouse real estate market remained in a strong Seller’s market in January. The Kitsilano neighbourhood has a list to sales ratio of 46% which is down from 86% in December, and November’s 106% ratio. 

Here’s the breakdown for condo’s & town homes on Vancouver’s Westside in December:

  • Overall a strong Sellers market at 39% list to sales ratio. 
  • The greatest demand was the same as last month with homes priced between $500k-$600K.
  • Homes are selling on average 1% below list price, down from 1% above list price last month.
  • Buyer’s Best Bet: Homes between $1.75M to $2M, Kerrisdale, South Granville neighbourhood & minimum 4 bedroom properties
  • Seller’s Best Bet: Selling Homes in Kitsilano, University up to 1 bedroom properties

Between December and January this year inventory, total sales, edged up slightly, while benchmark sale prices had significant upwards pressure.

Kitsilano’s single family home real market is in a Seller’s market but leaning towards more balanced conditions. The Kitsilano neighbourhood was the strongest on the Westside in December with a list to sales ratio of 21%.

Here’s the breakdown for single family homes on Vancouver’s Westside in December:

  • Overall a Buyer's market with a 8% sales to list ratio. 
  • Most active price band is $2.5M to $2.75M
  • Homes are selling on average 7% below list price
  • Buyer’s Best Bet: Homes between $2.25 to $2.5M, $4.5M+ in SW Marine and Shaugnhessy.
  • Seller’s Best Bet: Selling Homes in Point Grey and up to 2 bedrooms/ 5 to 6 bedroom properties.

Between December and January sale prices increased, total sales rose slightly, and inventory increased significantly.

Any Q's or more specific information needed on a particular neighbourhood please contact us. We're here to help!

*Buyer’s Market 1-11%, Balanced Market 12-20%, Seller’s Market 21% and up

All stats derived from Dean Wegman & SnapStats.