Kitsilano House Market: July 2014

09.07.2014

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Detached houses in Kitsilano saw the biggest drop in activity this past month, though the number of sales was fairly normal for the time of year. Prices are hovering around the $1.55 to $1.65-million, though many of the houses sold around these numbers were smaller than average or need some additional renovations. If you compare this market to both last month and last year, things have been fairly steady in terms of inventory and average prices – not a surprise since there’s always continued interest in this market.

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Recent Kitsilano House Sales

3382 W 7th Ave

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One of the cheapest house sales in Kitsilano last month was this home is located on a 33 x 110′ lot at Waterloo and West 7th Ave. The current house has just over 2000 sqft with a legal suite and a detached garage in the backyard.  The house needs a renovation, and is zoned for a duplex if the new owner wants to knock it down to rebuild. This home was listed for $1,388,000 and sold 5 days later for $1,500,000 (a sure sign that it went into multiple offers).

3632 West 11th Ave

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One of the most expensive sales in Kitsilano last month was this home brand new, contemporary residence at West 11th and Dunbar. The home has 2900 sqft of living space on a 33′ x 122′ lot, and offers a 2 bedroom basement suite and a double garage. The home is bright with modern finishings, a wine room and a theatre room. Listed for $2,438,000 and sold 58 days later for $2,280,000.

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