Kitsilano Condo Market Update – December 2014

08.12.2014

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The Kitsilano Condo Market was pretty steady as compared to last month, with similar sales and listings numbers even given a slow Real Estate Market overall (thanks to the holidays). The average and median prices dropped, but that’s due to the fact that last month, there were more 2 and 3 bedroom sales in Kitsilano, while this month was primarily (lower priced) 1 bedroom sales. As expected most of the sales were between $300,000 and $500,000, with a few two bedroom sales going over that number.

This market will always have some activity keeping it busy, and we expect a lot of action a few months into the New Year. A lot of Buyers are looking for units without rental restrictions (to give them some flexibility over time) and renovated, nicely staged units are appealing to new Buyers trying to picture the space. Depreciation Reports and supplementary strata documents are becoming more and more important during the buying process.

Search all 1 Bedroom Condos for Sale in Kitsilano

Search all 2 Bedroom Condos for Sale in Kitsilano

Contact the LiveKitsilano Team to discuss the sale of your condo – we have the knowledge, thorough marketing and experience needed to find the right buyer for your home, and quickly. We have a handful of condo Buyers looking for something in particular, and if it’s something like your home, we can help make this process an easier than expected.

Recent Kitsilano Condo Sales

condo_nov2014_inexpensive

One of the least expensive condos sold in Kitsilano last month was this 415sqft studio unit at the Vine off Broadway. This building is a fantastic investment property since it allows rentals (even short term), has great amenities and is in a good location. Listed for $268,000, this unit sold for $265,000 in the first week.

condo_nov2014_expensive

One of the most expensive condos sold in Kitsilano last month  was this penthouse level 2 bedroom, 2 bathroom unit in Pinnacle Living on Broadway. This unit has a private roof top deck with fantastic views. Listed for $989,900, it sold over a year later for full price.

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