The Kitsilano condo market saw an increase in sales over the previous month, and an increase in prices as well. With the median price sitting at $475,000, that’s indicative of some larger units selling (sales of 2 bedroom condos encompassed 60% of the total condo sales in Kits). Most of the activity in the market was between the $300,000 to $500,000 price bracket, though there were sales in every price category. There’s always interest in the $300,000 price category (in this sales a 43% sales to active ratio) as first time Buyers often choose Kitsilano as their favoured destination.
Recent Kitsilano Condo Sales
#105 2929 W 4th Ave
One of the cheapest Kits condos sold last month was this 470 sqft studio condo with a 170sqft ground floor patio. The Madison is a good building in Kitsilano – rentals are allowed without restriction making it a popular investment property. This unit has in suite laundry, a fireplace, parking, laminate floors and high ceilings. This unit was listed for $289,900 and sold 6 days later for $278,000.
#205 1811 West 16th Ave
This 1300sqft 2 bedroom, 2 bathroom unit is located in the Heritage Designated Cedar Mews at West 16th and Burrard, and was one of the most expensive condo sales in Kitsilano last month. This building has 19 units, all with original details, loft ceilings, exposed beams, brick walls and hardwood floors. The units don’t have outdoor space but there is a common roof top patio. The unit comes with parking and storage. Originally listed for $799,000, this home sold 4 days later for $780,000.