Kitsilano Condo

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KItsilano condo market ends year in Seller's market

Kitsilano’s condo and townhouse real estate market was in a strong Seller’s market in December. The Kitsilano neighbourhood was the third strongest on the Westside last month with a list to sales ratio of 86%, down from 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 44% 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% above list price, down from 2% last month.
  • Buyer’s Best Bet: Homes between $2.25M to $2.5M, Kerrisdale neighbourhood & minimum 4 bedroom properties
  • Seller’s Best Bet: Selling Homes in Fairview and Kitsilano up to 1 bedroom properties

Between November and December this year inventory and total sales dropped significantly, while benchmark sale prices edged up.

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 balanced market with a 8% sales to list ratio. 
  • Most active price band is $2M to $2.25M
  • Homes are selling at list price
  • Buyer’s Best Bet: Homes between $2.75 to $3M, $4.5M+ in Dunbar Village, and 5 to 6 bedroom properties
  • Seller’s Best Bet: Selling Homes in Kitisilano and up to 2 bedroom properties.

Between November and December and sale prices were generally flat, while total sales and inventory decreased.

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.