The condo market in Kitsilano performed well last month, with an increase in listings, and a slight increase in sales. The days on market decrease 43% to land at 29 days, and the average price per sqft increased about 7% (to $607/sqft). A good majority of Kits condos sold last month were 1 bedroom units sitting below $425k, though there were a few higher end listings.
The least expensive sale was an estate sale at 2355 West Broadway in Connaught Park Place. Listed for $299k and sold 18 days later for $276k, this 675 sqft condo could use some renovations, but has the benefit of parking, storage and in suite laundry. Sounds like a great deal, though this sin’t one of our favourite buildings – I’d be weary of the building construction.
The most expensive condo sale in Kitsilano last month was at Pinnacle Living on Broadway – 2507 West Broadway. Listed for $899k and sold 10 days later for $883k, this sub penthouse offered 1000 sqft, 2 beds, 2 baths, mountain views, and great amenities in the building (like a gym, clubhouse, comm space, etc). The building was built in 2012, so the unit has modern finishings.
If you’re interested in a Kits condo for sale, let us know! We’ll set up an appointment to see it as soon as possible.