KITSILANO REAL ESTATE MARKET UPDATE BLOG – AUGUST 2017 – CONDO’S (ATTACHED)

15.08.2017

Share This!

How’s the market??? our take on the current market.

Market update: The Summer is not slow in the condo and particularly 1 bedroom entry level units. The buyer demand has been very high.  A few factors I believe that contribute to this are; Pricing of 2 bed + homes have reached the point where the jump is less attainable. Therefore buyers are just deciding to pull the trigger and getting into the market.  A bigger factor comes in the form of interest rates. Lots of buyers are coming to the end of their 60-90 day rate holds.  We are unsure of the next rate hike so some are deciding to get into the market before things change.

 

The MLS HPI (Home Price Index) for the average condo in Kitsilano is at an all time high of $618,000 up from $532,600 this time last year (August 2016)

Price per SQ.FT Kits vs Mount Pleasant vs Downtown

A common question I get from buyers who are open to new areas is, How does Kits stack up against Vancouver’s other popular first-time buyers neighborhoods?

 

What’s a 1 bedroom condo going to cost me?

Another very common question from buyers, both first-time buyers and investors.

Here we have the average 1 bedroom condo. Kitsilano Vs Mount Pleasant vs Downtown

 

 

 

 

If you have any question about getting into the market or the value of your home please contact Charles anytime – Charles@LiveKitsilano.com – 604.441.7149

 

 

[x] close

Login for Full MLS Acess

Name* (first and last):

Email Address*:

Price Range: -

Property Type:

How many bedrooms?

How many bathrooms?

What area? (Near xxx)

I'm looking for a home that: (Allows pets, has ocean view)

Are you working with a Realtor?

Terms of Use

The term Virtual Office Website ("VOW") refers to a Participant's (REALTORS®) Internet website, or a feature of a Participant's Internet website, through which the Participant provides real estate brokerage services to Registrants (clients and prospects) with whom the Participant has first established a relationship where the Registrant has the opportunity to search for MLS® data, subject to the Participant's oversight, supervision and accountability. By agreeing to these "Terms of Use" you:

  1. acknowledge and understand that the Terms of Use do not create an agency relationship and do not impose a financial obligation on the Registrant or create any representation agreement between the Registrant and the Participant;
  2. understand that all data obtained from the VOW is intended only for your personal, non-commercial use;
  3. do have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered through the VOW
  4. agree not to copy, redistribute or retransmit any of the data or information provided;
  5. acknowledge the Board/Association ownership of and the validity of the copyright in the MLS® database.
  6. agree that all information provided may be provided to the relevant Board and may be used to administer and operate the VOW and to investigate any breach of security of the data or the MLS® rules
  7. that a "mouse click" is sufficient acknowledgement and agreement to the terms
  8. must supply a user name and a password, the combination of which must be different from those of all other Registrants on the VOW, before being permitted to search and view information from the MLS® database via the VOW.
  9. must provide a valid email address. The Registrant may be permitted to access the VOW only after the Participant has verified that the email address provided is valid the Registrant's agreement to the VOW's Terms of Use is confirmed.
  10. understand the Participant must at all times maintain a record of the name, telephone number and email address supplied by the Registrant, and the username and current password of each Registrant, such records to be kept for not less than 180 days after the expiration of the validity of the Registrant's password. If the Board/Association has reason to believe that a Participant's VOW has caused or permitted a breach in the security of the data or a violation of MLS® rules related to use by one or more Registrants, the Participant shall, upon request, provide to the Board/Association a copy of the record of the name, email address, telephone number, username, current password, and audit trail, if required, of any Registrant identified by the Board/Association to be suspected of involvement in the violation.
  11. Understand that information on this site is deemed to be valid but is not guaranteed. It is the responsibility of the registrants to confirm all information on their own. Broker may not have reviewed or approved listing enhancements. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  12. Understand any agreement entered into at any time between the Participant and Registrant imposing a financial obligation on the Registrant or creating agency representation of the Registrant by the Participant must be established separately from the Terms of Use, must be prominently labelled and may not be accepted solely by mouse click
  13. have received, read and understand the brochure published by the British Columbia Real Estate Association entitled Working With a REALTOR®

Having agreed to the terms and conditions of use, I would like to have access to this VOW information.

 Terms and Conditions I agree to the Terms and Conditions

[x] close

Login for VOW Access

Remember me

Don't have an account? Register now!