What’s Happening in the Kits Condos Market?
The Kitsilano Condo market was slow, as expected, in December. Listings and sales dropped over 30% over last month and the average sales price dropped slightly as well. Interestingly, every condo sale in December in Kitsilano was under $700,000, with most being 1 bedroom units. This market is resilient and will snap back after the holidays – expect a big push in February.
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
One of the least expensive condos sales in Kitsilano last month was this 1 bedroom, 1 bathroom, 485sqft unit in a 1974-built building on West 2nd Ave. The unit is on the 4th floor, and has mountain views from the long and wide patio. The kitchen and bathroom have been updated and the building itself has had work done to the plumbing, boiler, elevator, roof, lobby and parking membrane. The unit comes with parking and storage, and the building offers a pretty fabulous roof top deck. Rentals are allowed but they were at max. Listed for $318,000, this unit sold for $316,000 only 11 days later. Keep in mind, units under 500sqft can be a little more difficult to finance with a traditional mortgage.
The most expensive condo sold in Kitsilano last month was a 2 bedroom, 2 bathroom unit in Radius, the new condo building being built at West 4th and Pine. The unit will be on the 4th floor, and will have 813sqft of interior space and a roof top deck. Listed for $675,900, the unit sold for $675,900 (remember, this doesn’t include GST).