Kitsilano Townhomes and 1/2 Duplexes: Real Estate Update for February 2014

07.02.2014

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TOWNHOUSES and 1/2 DUPLEXES FOR SALE in KITSILANO

The Kitsilano Townhouse and 1/2 Duplex Market saw same big changes compared to January, but that’s expected given the variation in inventory. There was a significant increase in listings, though half the sales as last month. Note the change in prices: median sales price increased 33% whereas the average sales price decreased 14% showing a majority of sales between $1-million and $1.2-million. The variation in prices is generally due to the differences between townhomes (typically smaller) and 1/2 duplexes (typically bigger and newer). We expect this market to have continued interest as many people prefer homes with their own street-like entrance. However, as developers turn single family lots into multi-family lots, more 1/2 Duplexes and Townhomes are hitting the market giving Buyers more to choose from.

Vancouver_Real_Estate_Feb_2014_Kits_Townhouse

RECENT TOWNHOUSE and 1/2 DUPLEX SALES in KITSILANO

The most expensive 1/2 Duplex Sale was at West 2nd and Stephens. This 1/2 Duplex has almost 1800 sqft with 3 levels and 3 bedrooms. Some features are hardwood floors, 2 fireplaces, California shutters, “Chef’s” kitchen, and a single car garage. There is a large ground floor patio as well as a balcony off the Master Bedroom. This 1/2 Duplex was listed for $1,688,000 and sold 9 days later for $1,650,000.

The least expensive Kitsilano townhome sale was the ground floor unit in a 2012 built Fourplex at West 8th and Yew. This home has 917sqft with 2 bedrooms, 2 bathrooms and 2 patios: one covered North facing patio and one bright South facing patio. This home was listed for $615,000 and sold 5 days later for $610,000.

Search all Townhouses for Sale in Kitsilano and 1/2 Duplexes for Sale in Kitsilano. Contact the LiveKitsilano Team if you’re looking for a townhouse of 1/2 duplex – we will ensure you’re buying a great home.

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