Kitsilano – A Vancouver Neighborhood 30 & 60 Numbers

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Kitsilano 30 and 60 Days

Kitsilano Detached real estate during the current past 30 day period of (March 14 2009 to April 13,2009) compared to the previous 30 day (February 13, 2009 – March 13, 2009) period saw Active listings flat at 43 and sales holding at 5 for each period. Total listing Average prices increased during the Mar-Apr period to $2,151,404 from $2,115,927 during the Feb-Mar period. The spread between the Average Sold and Average Ask in the current past 30 days sits at just over 4%. The challenge of finding the market floor continues as the most recent period saw 37% of the active listings reduce their price.

Numbers

FOR SALE

FOR SALE

This Month 30 Days

Last Month 60 Days

Active Listings

43

43

Average Active Listing Price

$2,276,539

2,276,539

Median Listing Price

$1,599,900

1,599,900

EXPIRED

Expired Listings

2

6

Average Expired Price

$2,093,000

$1,610,316

Median Expired Price

$2,093,000

$1,439,000

SOLD

SOLD

5

5

Average Sold ASKING Price

$1,098,600

$1,341,400

Average Sold Price

$1,042,900

$1,285,413

Median Sold ASK Price

$1,098,000

$1,198,000

Median Sold Price

$1,051,000

$1,200,000

HIGH/LOW

Highest List Price

$15,000,000

$15,000,000

Lowest List Price

$895,000

$895,000

Outlook

Confidence associated with lower interest hasn’t had much of an affect on the number of homes sold in Kitsilano. Average Sold prices have dropped about $240,000 over the two periods. With only 11% of the listed homes selling buyers are realizing interest and price savings as they continue to seek home sellers who are prepared to negotiate their asking price. Selling? Price and condition means everything.


*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.

**Numbers provided may vary as they are dynamically posted by the REBGV.

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

When Life Moves You - contact Larry:

*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

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