Be in the know in 2020!  Kitsilano condo & real estate blog


60 second update on Kitsilano condo market

Posted on Feb 02, 2021


Kitsilano's condo and townhouse market saw inventory and prices rise in January, as sales decreased when compared to December. The average days on market was 7 days, homes sold on average 1% below list price, and the greatest demand was for homes between $600k and $700K.

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Kitsilano condo market cools in November after hot summer

Posted on Dec 09, 2020

Activity began slowing down in Kitsilano’s condo market in November with declining inventory, sales, while the MLS price index was generally flat when compared to October. This reduction in activity is typical as the end of the year approaches. 

Kit’s condo inventory has been decreasing since September and dropped by another 5% when comparing Novemb...

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Kitsilano condo inventory, sales, and MLS price index dip in October

Posted on Nov 03, 2020

Kitsilano’s condo market was very active in October yet saw inventory, sales, and the MLS price index decrease when compared to September.

Condo inventory had been increasing until September but decreased in October by 11% when compared to prior month. Sales like inventory peaked in September and decreased by 10% month to month. The MLS HPI price i...

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Kitsilano condo sales up in September as inventory continues to rise

Posted on Oct 04, 2020

Kitsilano’s condo and townhouse market remained the most active of all Westside neighbourhoods for the fourth consecutive month in September.

Town house inventory rose in September but is still quite low when compared to the high levels experienced in the past two years. Townhouse sales had been on the rise since April but took a big dip in Septemb...

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Kitsilano condo sales at levels last seen in 2018 but prices softening

Posted on Sep 23, 2020

Kitsilano condo sales have been on a sharp rise since the brief slow down in April this year from COVID. August sales numbers are comparable to heights last seen in the early summer of 2018.  


Despite this rise and high level of sales activity the HPI price index for all Kitsilano condos has declined in the last month as seen below.
 

This price trend do...

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Kitsilano a busy market in August as inventory declines and prices rise

Posted on Sep 03, 2020

Kitsilano condo and townhouse sales activity keep its momentum in August and led Westside neighbourhoods alongside Fairview. When compared to July inventory in Kitsilano cumulatively decreased by 10%, sales increased by 3.8%, and average sale prices rose for the the fourth month consecutive month, this time 3.8% over July. Townhouse demand exceeded...

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