Kitsilano Real Estate Update – August 2013

08.08.2013

Share This!

July saw some new records – not a drop of rain and lots of Real Estate activity for what is typically a slower month. The big story that developed from analyzing the real estate numbers across Vancouver was a sheer increase in the number of sales compared to July of last year – which was the beginning of a slow market. With numbers like these we’re finally returning to a more normal amount of activity. I suspect that since the last four months of 2012 were unusually slow, the 2013 stats will continue look good in comparison. The media, as always, will ride this “story” of a hot market using these comparisons. Pent-up demand from the last half of 2012 is what fed our spring market and with the way things are going now, I’m guessing that we’ll be steady for the rest of the year.

Kitsilano, as always, moves to its own beat (partially because it’s a small Real Estate market). Though there was an increase in the number of sales over July 2012, the detached market didn’t follow suit. Townhomes in Kitsilano are hot right now with lots of sales and a solid decrease in average price. The detached market has slowed down a bit, though that’s one market that always picks up in the fall. Interestingly, the Kits condo and detached market saw a decrease in the number of days on market, while the townhome market saw an increase. When buyers don’t have much to choose from, the great Kitsilano Real Estate listings sell quick, benefiting the Sellers and the happy Buyers. The increase in inventory that comes every fall will be a welcome addition to the Real Estate market.

For more on these numbers, take a look at our full breakdown for each sector:

Kits Condos Real Estate Update

Kits Townhomes Real Estate Update

Kits Houses Real Estate Update

There should be lots of activity in the next little while. Since inventory is fairly low right now, if you’re interested in selling, now is a great time to get ahead of the busy fall market. If you want to get the ball rolling, give us a call. If you’re interested in buying, give us a call soon so we can go through the process and give you all the information you need before fall.

Otherwise, see you at Kits Beach!

[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!