Neighbourhood Numbers – Kitsilano Attached

Rhubarb and Strawberrys

With a little ice cream fruit crumble is a very tasty treat. In the past 60 days Vancouver’s Kitsilano Attached real estate sector offered up a crumbled mix of average and median prices.

Kitsilano Attached

In the period covering February 20 to April 19, Kitsilano attached units experienced the following market activity.

Listings

Total Listings increased by four from February/March’s 295 to March/April’s 299.

Sales

Sales increased from February/March’s forty three to March/April’s fifty.

Expired, Reductions, Increases, Days on Market

• February/March saw 7 listing mandates expire which slowed to March/April’s four.
• Price reductions in February/March numbered 1 and stayed the same in March/April.
• There was one Price increase in February/March as well as in March/April.
• It took fifteen days in March/April to sell a home. In February/March it took seventeen days.

Average and Median List Price/Sold Price

February/March’s Average Ask price recorded at $610,311 then dropped to March/April’s $571,980. The Median Ask price in February/March was $479,900 dropping to $472,000 in March/April.

The Average Sold price in March/April of $572,235 dropped from February/March’s $609,486. The Median Sold prices followed the average reducing a tick from February/March’s $479,000 to March/April’s $478,500.

Thoughts

A perennial favorite neighbourhood, Kitsilano’s townhomes, condos and apartments have stayed the course. A slight increase in the number of buyers was accompanied by a moderate slowing in average price while median ask and sold prices remained almost identical. It would appear that Kitsilano attached units continues to remain a tasty treat for a number of buyers.