Real Estate in Kits: Condos/Apartments
Notice the difference between June 2013 and June 2012 – the median price has dropped about $50k meaning there are many more sales in the least expensive price bracket than last year. WIth 45 Kitsilano condo sales this month, that means 22 of them were under $405k. Taking a look at the listings that did sell: almost of all them had medium to large outdoor spaces, definitely something that is hard to find downtown. The average price increased slightly to $450k showing that there are a few higher end condos bringing up the average (the highest priced sale was for $899k). Overall, both listings and sales increased over the previous month, yet the average price per sqft has gone down (thanks to an expected price correction with the market downtown). Thanks to the age of the area and the buildings, Kits has its fair share of condos with great floor plans, good outdoor space and interesting locations – check out some Kitsilano Open Houses this summer to see for yourself!