Vancouver Westside and Kitsilano market report. Look like a real estate genius by understanding market conditions. Download a comprehensive SnapStats statstics report specific to your location. Learn how to interpret statistics and how to search for all sold and available homes.
Condo and Townhouse
Sales are down, prices are starting to fall and inventory increased again in the month of May. Inventory is still low compared to this time last year. Currently, we can see strength in the condo and townhouse market from $400,000 up to $1,750,000. Overall, the Westside condo market is favouring sellers with 35% of them sold last month, and communities with the most activity continue to be Kitsilano and Fairview. The median sale price which peaked at over $1M in February, is now sitting at $958,400. The condo market should continue to cool down as inventory continues to increase.
Single Family
Now let's look at the single family market. The strength in the Westside single family market lies between $1,750,000 and $3,000,000. Supply is still low, but has been increasing slightly every month since January. Median prices decreased to $3,600,000 after hitting a record median price for a Westside single family home in April. The strongest location with the most activity is Kitsilano with 34% of listed homes sold last month. Overall the Westside Single Family market is balanced with 12% of homes sold.
Download your Snapstats statistics report below to learn about the market in your area and price point.
During the month of May, 13 of 38 (34%) homes sold in Kitsilano. The most expensive home sold for $22,000,000, This would have bought you a 2 year old, 5,300 square foot home located on a 9,877.50 square foot lot on Point Grey Road.
The least expensive home, a 121 year old, 738 square foot home located north of 4th Ave on Stephens St, sold for $2,300,000. This small home was located on a 2,800 square foot lot.
Out of all 13 homes that sold last month in Kitsilano, seven of them sold for above the asking price. With limited supply in Kitsilano we can expect some competition in Kitsilano for homes priced under $3,000,000.
Download the 13 homes that sold last month in Kitsilano by clicking on the link below. The report includes a map locating the homes and a 10 photo flier on each home with property details. No personal information collected. This report is on me.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.