Kitsilano Condo - 2BR – Real Estate Market Summary Aug 5 2018 – vancouver real estate

Kitsilano Condo - 2BR – Real Estate Market Summary

 

2BR

< $1.5M

> 20 year old

 

  • Currently 27 for sale
  • 11 sold in last 30 days
  • 28 sold in last 60 days
  • 42 sold in the last 90 days

 

SOLD Kitsilano 2BR Condo stats for the last 60 days

 

28 Sales

 Price – Avg $915k, Median $905k

 Price (sq ft) – Avg $955, Median $904

 Size (sq ft) - Avg 958

 Days On Market – Avg 17

 

SOLD Kitsilano 2BR Condo stats for last 60 days (2017)

 

24 Sales

 Price – Avg $935k, Median $925k

 Price (sq ft) – Avg $958   Median $946

 Size (sq ft) - 974

 Days on Market – 17

 

Current for sale Kitsilano Condo Stats Aug 5, 2018
Attention Buyers – Opportunity,  Sellers - Competition

 

 24 For Sale

 Price – Avg $889k

 Price (sq ft) – $912

 Size (sq ft) - 974

 Days on Market – 50

 

Summary – Points of Interest

 

  1. Sales volume is UP 16% over same period last year
  2. Sales price is DOWN 2% over same period last year
  3. Median Price/sq ft is DOWN 4.6% over same period last year
  4. Condo sizes are 1.6% smaller. Condos in Kits are SHRINKING! LOL
  5. Current product waiting to sell has been on market 3x as long as it took to sell last year, and growing!

 

Timeline
Median Sales Prices - July
 
2015      $586k
2016      $726k
2017      $827k
2018      $886k
 
Demographic Data Source: remax.ca