The Kits Condo market had a 42% sales to active ratio, with an average price currently sitting at $547k, which is 22% higher than this time last year.
The sales to active ratio sits at a high 42%. There were no sales under $300k, though a lot of activity between $400k and $500k (typical price of a one bedroom unit), then again between $600k and $700k (typical price of a two bedroom unit).
The Kits Condo market will always be busy. Given Kitsilano’s reputation as a summer destination, the number of listings will continue to increase through the Spring.