Kitsilano Houses for sale didn’t find too many Buyers last month. There was a 30% drop in sales over last month, with hardly an increase in listings. The average sales price dropped considerably, but with such few sales to consider, that’s more to do with a lack of high end sales rather than decreasing prices. Interesting, the days on market averaged at 15 days! This is a very low number for houses asking $1.5-million or more – Buyers are typically much more discerning when it comes to high end properties.
Most house sales in Kits last month were between the $1.2-million to $1.7-million range. Location, lot size and style of home lead to the differences in prices, as none of the sales were new builds or fully renovated. Only 3 sales last month were above $2-million, meanwhile there are 22 currently active Kitsilano houses for sale above $2-million.
The least expensive Kitsilano House sale was 2170 Trutch St (at West 6th). Listed for $999k and sold 40 days later for $920k. It sits on a very small lot: 40′ x 54′. Though the interior is dated and the whole house is only 1400 sqft, it’s still very livable and has a basement suite that can be rented out.
The most expensive sale was in Kits Point, at Maple and Whyte Ave. Ironically, this home is also dated, but sits on a typical 33′ x 120′ corner lot, with potential to build a home up to 3000 sqft. It was listed for $2,299,000 and sold 3 days later for $2,365,000.