Kitsilano’s condo and townhouse real estate market has show signs of cooling in March. Kitsilano remained one of the strongest Westside neighbourhoods to be selling a condo or townhome with a list to sales ratio of 70%, down from 79% the previous month. Here’s the breakdown for condo’s & town homes on Vancouver’s Westside in March:
• Overall a strong Sellers market at 48% list to sales ratio.
• The most active price range was for homes priced between $500k-$800K.
• Homes are selling on average 1% above list price.
• Buyer’s Best Bet: Homes between $1.75M to $2M, Marpole, Shaugnhessy & minimum 3 bedroom properties
• Seller’s Best Bet: Selling Homes in Point Grey and up to 1 bedroom properties
In March this year inventory and sales rose while benchmark prices dropped slightly for the second month in a row.
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*Buyer’s Market 1-11%, Balanced Market 12-20%, Seller’s Market 21% and up.
All stats derived from SnapStats and Dean Wegman.