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

Kitsilano shrugs off pandemic and keeps market momentum in May

Posted on Jun 02, 2020

Kitsilano’s condo and townhouse market was the most active of all Westside neighbourhoods in May with strong sales numbers and resilient pricing. The COVID 19 pandemic has done little to curb demand or slow down Kit’s favourable selling conditions since it began mid March. In May it remained very competitive for Kitsilano buyers looking for homes u...

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Sales drop by 58% in April for condos & townhomes on Vancouver's Westside 

Posted on May 04, 2020

As we continue to deal with the COVID 19 pandemic and practice social distancing real estate sales across Metro Vancouver have seen a drastic slowdown after March's pre-pandemic momentum. Sales for April decreased by 58%, inventory rose by 2%, and sale prices declined by 7% when compared to March. 

Despite this broad reduction in real estate sales pa...

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Kitsilano condo vs Fairview condo price battle .. when did it all change? In 2015

Posted on Apr 24, 2020

Kitsilano and Fairview are two of Vancouver's most famous neighbourhoods and neighbours. Kitsilano most known for being a beautiful beach front community and an eclectic shopping district on W 4th, while Fairview is most known for its gradual slopes that provide spectacular downtown city views from its residences and businesses and busy Broadway co...

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Can't find a 3 bedroom Kitsilano condo? Excluding affordability here's why

Posted on Apr 14, 2020

It'll come as no surprise to many families that finding a 3 bedroom condo or townhouse in Kitsilano has never been easy.  A majority of developments focus on 1 and 2 bedroom units (a slight edge in volume to 2 bedroom units) so having two or more kids meant either bunkbeds or moving to the burbs. 

We've illustrated below how dominate 1 and 2 bedroom u...

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Prices rise in March for Kits condos as sales rise and inventory remains flat

Posted on Apr 06, 2020

The Kitsilano condo market momentum from February continued through into March resulting in more upwards pressure on benchmark pricing to high's not see in over 13 months. Sales rose for the second consecutive month and outpaced inventory but the impact of the COVID 19 crisis looms as sales are expected to decline rapidly.

How do we know? List to S...

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Kitsilano condos & townhomes selling on average 3% above list price in February 

Posted on Mar 10, 2020

The Kitsilano condo market remained quite active in February and in a Sellers market. It was the 2nd month of upwards pressure on benchmark pricing for condos and townhomes.

How do we know? List to Sales Ratio

A buyer’s market has a 0-12% list to sales ratio
A balanced market has a 12-20% list to sales ratio
A seller’s market has a 21% or greater list...

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