Total Inventory in the Kits Condo Market increased after December, which was expected, most of which were new listings. The sales to active ratio sits at 44% which is a very strong Seller’s Market. This is down from last year’s high of 62% (in August). The average price sits at $544,719 while the median sits at $465,00 (indicating that there are more affordable options than expensive options available). The price per sqft sits in the high $600/sqft.
(Orange is 1 bedroom condos, Green is 2 bedroom properties, Blue is 3 bedroom properties)
Average Sales Price:
As always, the biggest considerations to make when buying a condo are whether or not the unit/building/location works for your lifestyle and future plans, the quality of the building and it’s value. It’s our job to help you decipher the value and the building quality, so contact us to talk about what you need to know when looking for a new home.
Don’t hesitate to contact us if you have any questions about the market.