Kitsilano Condos: Real Estate Update for February 2014


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There was a considerable drop in Kitsilano Condo sales last month, with only 12 as compared to 25 in December. The median sales price increased to $475k and average sales price increased to $545k – this can be attributed to two sales over $1-million in January. Otherwise, half the sales were under $400,000 while the other half were scattered between $450k and $1.15-million  The sales to active rate is at 10.5% which indicates a Buyer’s Market. We should be moving towards a Balanced Market the closer we get to Springtime, as interest in Kitsilano – the summer destination – really increases.



The most expensive Kitsilano Condo sale was a yet to be finished unit at Cressey’s new development – The Ridge at West 15th and Arbutus. This is a 1209sqft unit with 2 bedrooms, 2 bathrooms, air conditioning, high ceilings, in floor heating, and high end appliances and finishings. This unit was listed for $1,150,000 and sold 27 days later for $1,150,000.

The least expensive Kitsilano Condo sale was a court ordered sale at 8th and Cypress. This 603 sqft top floor home has 1 bedroom, 1 bathroom, some updates to the kitchen and bathroom, parking and storage. The unit was listed for $269,000 and sold 74 days later for $260,000.

Search all 1 Bedroom Condos for Sale in Kitsilano and all 2 Bedroom Condos for Sale in Kitsilano. Contact the LiveKitsilano Team for help understanding the difference between units and how that affects their value.

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