We’ve seen an interesting April in Kitsilano for condos. – The MLS HPI Sale Price average was at a 3 year high of $553,700. Of course, other statistics followed suit with the price per foot hitting an average of $891/ft! A lot of this is driven by simple supply and demand. We have been seeing historically low inventory numbers with March having 36 listings and 25 sales. A solid 69% sales ratio, a true seller’s market!
Average Price Per SQFT
This time last year we saw dollar volume of sales in March & April between $37,000,000 and $38,000,000 this year March sales volume totaled $18,044,800. – For now, I’ll blame the terrible weather and snow in March! As the weather and market pick up I predict a very busy May, June, and July.
If you have any questions about the market in general or would like to know what your place is worth please contact Charlie anytime.
604-441-7149 – Charles@LiveKitsilano.com