Kitsilano Detached House Market Update: May 2014

04.05.2014

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The Kitsilano detached market had a good absorption rate of 16%, but saw a drop in sales. The inventory wasn’t great last month, so Buyers weren’t jumping on the opportunities. Median price dropped to $1.875-million, while average price dropped to $1.93-million. This market remains a hot spot for Buyers, though it’s small, so there isn’t always a lot of inventory to choose from. Buyers are still looking for homes in a good location (North of 4th remains popular, though there are a lot of good options around Broadway).

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Recent Kitsilano Detached House Sales

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One of the most expensive detached house sales in Kitsilano was a custom home built in 2012 at West 10th and MacKenzie. This 3744 sqft home sits on a 50′ x 122′ corner lot. It has a 3 car garage and all the latest in modern finishings. It was listed for $2,720,000 and sold 74 days later for $2,500,000.

 kitsilano_home_inexpensive_april

One of the least expensive Kitsilano detached house sales was a 1584 sqft home (+ 314sqft unfinished space) sitting on a 33′ x 122′ corner lot at West 13th and Stephens. This home has seen some updates, inside and out. It was listed for $1,585,000 and sold 6 days later for $1,595,000.

View all detached houses for sale in Kitsilano.

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