What’s selling in the Vancouver Kitsilano Single Family Market? The Vancouver West Side Single Family Market continues to favour buyers. Unlike the rest of the West Side single family market, the Kitsilano market is now favouring sellers.
Seven homes sold in Kitsilano last month. The most expensive home sold for $3.45M. This would have bought you a 3 year old home on a 33 foot wide lot on 10th Avenue. This was a contemporary home with a laneway house in the back. It sold for $75,000 less than it sold for in May of 2017.
The least expensive home sold for $1.75M. This would have bought you a 109 year old RT 8 zoned property on 5th Avenue on a 34 foot by 110 foot deep lot.
17 homes were available and on the market in Kitsilano last month. To have 7 homes sell puts us in a seller’s market with 41% of the homes selling.
Sold values in Kitsilano are at median price of $2,400,000 about $600,000 lower than the median price for a home in the West Side which is now at around $3,000,000. If you like to take a look at these sales, I have a new package you can download at this link: https://davidsetton.com/market-updates.html