Kitsilano House Market: June 2014

19.06.2014

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Kitsilano Real Estate: House Edition!

The Kitsilano Detached House market was very busy last month, with a huge increase in sales – from 8 sales in April to 23 in May. Average price dropped to $1.8-million, while the Median price was $1.67-million indicating that half the month’s sales were under the $1.67-million mark. With prices like these, the Kitsilano Detached House Market will continue to see interest from Buyers – quality Character Homes are on everyone’s radar.

Kitsilano_Houses_Real_Estate_Stats_May2014

Recent Kitsilano House Sales

kitsilano_cheap_house_sale_may2014

One of the least expensive Kitsilano Houses sold last month was a true fixer upper, or for others, a tear down. The home sits on a 33′ x 115′ duplex zoned lot at 8th and Waterloo. The home has seen some repairs over the years, but it’s by no means updated. It was priced low at $1,189,000 and sold 11 days later for $1,359,000 – with a price increase like that, there is no doubt there was a bidding war.

kitsilano_most_expensive_house_sale_may2014

The most expensive house sold in Kitsilano last month was a large character home built in 1912 in Kits Point. This 3322sqft home has three levels and tons of original features, including high wood wainscotting, wood trim, stain glass windows, and a grand foyer. There is a large front veranda with peekabo views of the ocean and mountains and a south facing yard  with a large deck and mature trees. This home was listed for $3,380,000 and sold 17 days later for $2,900,000.

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