Kitsilano Real Estate Monthly Market Update

06.02.2013

Share This!

This year is off to a quick start. Now that we’re into February, we’re that much closer to Spring and the busy Real Estate Market that comes with the nicer weather.

Listing inventory is up 15-32% over last month, and you can expect that to continue as we approach Spring. This is great news for Buyers who have shown a renewed sense of interest in dipping into the market, and great news for Seller’s who may have been sitting on their properties for longer than they initially hoped. Sales are up at least 15% in every market, with the exception of the Vancouver East Detached Market, which also had the lowest increase in inventory. Breaking down Kitsilano..

The Attached Market has continued to do well, if not better than last month. Listings and Sales are up, the average sale price increased thanks to 5 sales in the $1million+ market, and the days on market has decreased. The hottest market continues to be one bedrooms listings in the $300k-$400k range.

The Detached Market is a little harder to judge, thanks to the fewer number of listings and sales. No price category really dominated, though the days on market decreased 44% which is good news for Sellers and Buyers.

Expect Kitsilano to  continue doing well as we get closer to beach season. Look for further increases in listing inventory and more active sales next month. With interest rates stabilizing until at least 2014 and a healthy number of eager buyers, it looks like we will have another busy Spring market this year. If you’re interested in getting into the Market, now is a great time to start preparing – talk to your Mortgage Broker, think about your “Must Haves” in a new home, and start to prepare your current home to be listed.

If you would like to receive a monthly email detailing either Kitsilano, or the entire Vancouver Real Estate market, please send me an email and I will add you to the list!

As usual, feel free to touch base with any of your questions!

Ben
604.222.2262
ben@benchimes.com

[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!