Kitsilano Condos: December 2013 Market Update


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Real Estate Activity in the Kitsilano Condo Market

The Kitsilano Condo market stayed strong last month, with only a slight dip in sales along with a decrease in Average and Median price to the mid-$400,000’s. As expected, most of the sales were in the most desired neighbourhoods in Kits: North of 4th and Arbutus Walk, with 1 bedroom units counting for a majority of the sales. The Kits condo market has seen an increase in prices over last year, with a slight decline over last month – the market is seeing lots of action in many different price brackets. Kitsilano stills has a lot of interest from Buyers and that’s not expected to slow down, in fact, interest will increase the closer we get to the spring when Kitsilano becomes the place to be in Vancouver.


Kitsilano Condos For Sale

The least expensive Kitsilano Condo sold was a 447 sqft studio unit in Trafalgar Mews. The building is fully rainscreened, and the unit offers nice updates like hardwood floors, granite counters, in suite laundry, gas fireplace, a townhome entrance, parking and storage. The unit was listed for $269,000 and sold 2 months later for $243,000.

The most expensive Kitsilano Condo sold was the penthouse unit in The Pulse, located at Broadway and Maple. This 115s sqft unit has 2 bedrooms and a den along with a 700 sqft private roof top patio offering 180 degree views of the city. The unit has high end finishings along with 2 parking stalls and a storage locker. It was listed for $1,138,000 and sold 3 months later for $1,085,000.

Click to view all Kitsilano 1 Bedroom Condos for Sale and 2 Bedroom Condos for Sale, or, if you’re interested in buying or selling in this market, let us know!

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