Kitsilano’s condo and townhouse real estate market is slowing but not by much April’s statistics show. Mount Pleasant led with 5 out of the 6 homes active during the month selling, while Kitsilano had the most activity with 48 homes selling out of the 72 available. Here’s the breakdown for condo’s & town homes on Vancouver’s Westside in December:
• Overall a Sellers market at 38% list to sales ration, down from 48% in April.
• The most active price range was for homes priced between $600k-$700K.
• Homes are selling on average at list price.
• Buyer’s Best Bet: Homes between $2.25M to $2.5M, Cambie, Oakridge, South Granville & 3 bedroom properties
• Seller’s Best Bet: Selling Homes in Kitsilano up to 1 bedroom properties
In April this year condo and townhouse inventory and benchmark prices rose, while total sales dropped slightly.
Kitsilano’s single family home real market is in a balanced market with a 12% list to sales ratio.
Here’s the breakdown for single family homes on Vancouver’s Westside in April:
• Overall a buyers market with a 9% sales to list ratio.
• Most active price band is $1.75M to $2M, and $3M to $4M.
• Homes are selling on average 5% below list price.
• Buyer’s Best Bet: Homes between $2.75 to $3M, $5M+ in Marpole & Shaughnessy.
• Seller’s Best Bet: Selling Homes in SW Marine Drive an dup to 2 bedroom properties.
Between March and April home inventory increased for the 4th month in a row, sale prices came down, and sales were flat.
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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.