Kitsilano Houses: December 2013 Market Update

10.12.2013

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Market Activity for Detached Houses in Kitsilano

The Kitsilano detached house market has been steady, and saw sales across Kitsilano last month. The average price ended at $2.2-million, thanks to a $5-million dollar sale near Point Grey Rd. Without this expensive listing, the average price would be a more respectable $1.8-million. The sales below the $1.8-million mark were all 3 bedrooms homes. The Kitsilano Detached Market is always a hot market, and has seen increase in average prices over last year. Many of the Kitsilano homes currently listed for sale are North of Broadway, with an average asking price of $2.4-million across the market and a mix of tear downs, heritage homes and newly built homes (11 homes for sale were built in 2012 or 2013).

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Kitsilano Houses for Sale

The least expensive Kitsilano house sale was a coach house at 7th and Balsam. The home was built in 2013, though it has a heritage style exterior and a bright interior. The home offers lots of private outdoor space, hardwood floors, in floor radiant heating vaulted ceilings and more. This Kits House was listed for $1,278,000 and sold 2 months later for full asking price.

The most expensive Kitsilano house sale was an Arthur Erickson designed home and winner of the 1967 National Award for Design located on Point Grey Rd. The home cannot be torn down or have any extra square footage added, but it can be renovated, and needs some updates. The unobstructed mountain and ocean views are unbeatable. Typical to the era it was built, this home shares one common wall with the neighbours – definitely one of the reasons holding this property back from a quicker sale. This Kitsilano home was listed in March for $5,290,000 and sold in November for $4,700,000.

Click to view all Kitsilano Houses for Sale, or let us know if you’re interested in buying or selling in this market.

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