Kitsilano Townhome Market Update: May 2014

04.05.2014

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The Kitsilano townhome market has a great 19% absorption rate, with good activity throughout every price category. The average and median prices climbed over last month, but that is more to do with the type of listing that sold, rather than an increase in price across the board – notice that the price per sqft dropped to $710/sqft. Median price sits at $990k while average price is just over $1-million.

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Recent Kitsilano Townhome Sales

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One of the most expensive Kitsilano townhomes sold last month was a great listing in Kits Point. Located at Creelman and Walnut, this home has 1644 sqft, 2 bedrooms, 2.5 bathrooms, and is fully renovated with a modern interior & kitchen, great landscaping, private roof top deck, ground level patio with fire pit and 1 secure parking. It was listed for $1,588,000 and sold 7 days later for $1,670,000.

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One of the least expensive Kitsilano townhomes sold last month was a 2 bedroom, 2 bathroom, 900 sqft 2 level townhome. The home has 3 different balconies to enjoy, parking and storage. This is a boutique, rainscreened building with only 10 units. The unit was listed for $618,000 and sold 21 days later for $575,000.

View all townhomes for sale in Kitsilano.

View all half duplexes for sale in Kitsilano.

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