Any one who thinks the Vancouver Real Estate market is in a bubble should think again. Today a single family lot sold in Kitsilano for $230,000 over asking price with more than 20 offers to purchase. The 33 foot wide lot, located at 3279 West 3rd Avenue, allows for a duplex to be built under the RT-8 zoning. 5 of the 20 offers were greater than $1.3m. The asking price for the property was $1,098,000.