In our market update, we look at a variety of factors.
First, we compare the past month to the same month from the year prior to get a sense of year over year market changes. This helps provides some context for comparing different markets and accounts for seasonal fluctuations in the Vancouver market place.
Second, we look at month over month activity, to see how things have shifted over the past 30 days. This helps to shed some light on the current direction of the market. From there, we break down the specific product segments, into both price brackets and based on number of bedrooms, to see which areas are seeing the most activity. To do this, we use a percentage called the “Absorption Rate”, which is simply the rate at which homes are selling. For our purposes, we use a monthly absorption rate, which compares the past 30 days of sales with the current active inventory. We typically view anything below 15% to be more of a Buyer’s market and anything over 25% to be more of a Seller’s market. Absorption rates between 15-25% represent a more balanced market place.
We also break out our analysis for detached house, townhome and condo markets. Each one of these markets is unique and requires individual attention. Just because the condo market is strong doesn’t mean the detached market is as well, and vice versa. Taking a look at them separately also provides some interesting insight into buyer demographics and which segments of the Kitsilano market are the most active.
If you have any questions or would like to discuss, please don’t hesitate to contact us directly. We are always happy to chat.
Amazing water, mountain and city views from this top floor 2 level town-home in the heart of Kits. 2 bedrooms. 1 bath and a large den in this very well laid out suite. Great open concept floor plan with gas fireplace and open air patio on the upper floor and a covered private balcony off the master. Newly renovation has laminated wooden floors throughout except bathroom and kitchen, new blinds and quartz countertop. You'll love being close to everything. Blocks to the beach, to great shopping, parks, bike and running paths. General Gordon and Kits Secondary catchment area. Private courtyard, secured underground parking with bike area. Pets and Rentals allowed with restrictions. Open house: 2 - 4 pm Sat. and Sun. July 1st and 2nd, 2017. ... more
Completely renovated TOP FLOOR 1 bdrm & den with bright Southern exposure. Granite countertops, stainless steel appliances, maple cabinets, tile backsplash, laminate floors, deep soaker tub and designer fixtures in bathroom, large walk-in closet, spacious open living room, large 121 sq ft BBQ balcony, secure parking and locker. Pet friendly building with proactive strata and onsite caretaker, updated roof, boiler, elevator, interior carpets, and laundry. Steps to coffee shops, restaurants and shopping, short walk to Kits beach and parks. Live the Kits life! Sneak Peek Open Thursday June 29, 2017, 5:00-6:30 pm. Opens Sat/Sun, July 1 & 2, 1-3 pm. ... more
Rare 2 levels 1 bedroom in the heart of Kitsilano, brand new stove, fridge, and Microwave. Facing North Steps to coffee shops, restaurants and shopping, short walk to Kits beach and parks. Has 1 parking and 1 locker. ... more
"The Beachhouse" by Award Winning Hazel & Brown Design Co. Complete reno in this 3 bdrm 2.5 bath 3 level townhome. Open plan main floor features chefs kitchen with Wolfe, Sub-Zero & Fisher & Paykal appliances also has a pantry space for your storage needs. Spacious Dining room & large living with vaulted ceilings, cozy gas fireplace and concrete built in shelving. 2nd floor feats two bdrms, large master bed features big walk-in closet plus spa like ensuite bath with heated tile floors. Top floor could be 3rd bedroom or office and has a nice walk out deck space with north facing views. Hardwood throughout, minutes to Kitsilano beach and all the amenities that this neighbourhood has to offer. Open Sat/Sun July 1/2 from 12-2 p.m. ... more
Gold holding property. West Side central Kitsilano home on a nice and quiet tree-lined street. Four bedroom home with a 2 bedroom basement suite potential with separate entrance. Close to all amenities and conveniences. Perfect for homestay International student or UBC students. Only about 3 minutes walk to bus stop and only 1 bus ride either to Downtown or UBC at about 20 mins travel time. 2 bedrooms are currently rented to 2 students. Hold now and build later. Won't last long. No signs as per Vendor's request. For all showing, please call listing agent. ... more
This unique residence on Pt Grey Rd was designed by Tony Robbins (recent winner of Western Living Architect of the Year) & built by Keystone. The stunning home is a simple "cube", 4 floors, a corner lot w/ close proximity to RVYC Jericho. Boasts a 4 car underground garage w/ laundry & glass elevator that unites flrs all the way to the rooftop deck. Here you will marvel at the wide vista of mountains, the ocean & the city while soaking in your hot tub. Deck has kitchen, TV & stereo, powder & outdoor shower. The open concept ground floor accommodates custom kitchen, dining & living room (w/ F/P), park view to the west & a water feature. 2nd flr bdrms have ensuite, decks & laundry. Heating multi-zoned radiant hot water. Private. ... more
Little oasis in Kits. Spacious, meticulously maintained 3 bdrm, den, family rm & 4 bathrm. 1/2 duplex, QUIET, private & absolutely stunning! Breathtaking water, city & mountain views. Heaps of upgrades thru-out! Gourmet kitchen w/centre island, pantry & adjoining family rm, 2 pc bath on main plus 3 other full bathrms! 2 great yard spaces perfect for BBQing plus 4 huge decks! High vaulted ceiling thru-out, sunken living rm, 2 gas fireplaces. Elegant formal dining rm. A location that is second to none. Steps to best beaches, parks, pools, shopping! 1 of best little pockets of Kitsilano, across from 20M properties! Properties with this size, location and quality very seldom come on market. Single garage plus 1 parking. ... more
Fabulous Kitsilano character home! Currently a revenue machine with 3 suites bringing in $7350/month from excellent tenants, this home also has great bones for restoration project. For investors, you've got a turn key revenue property. For renovators, you've got a home loaded with charm and curb appeal, almost 3200 square feet of living space, and good ceiling height in the basement to work with. Turn the main house into a 4 bedroom home and keep the legal 3 bedroom suite downstairs for income or take over the whole house. Great corner lot North of 4th Ave with South facing back yard, duplex zoning and basement suite with side entrance. Large 2 car garage. Viewings Tuesday and Thursday evening by appointment only. ... more
Newport Mews at 3rd & Yew. Fantastic central Kits location, this 2 bedroom, 2 bath townhouse has a peaceful outlook with some City & Mountains VIEWS. A bright corner unit with skylights, vaulted ceilings, no neighbours above and just one common wall. An incredible opportunity to renovate and create your own masterpiece! A diamond in the ruff, there is nothing cookie cutter about this townhouse. 24 units in total, many building improvements & a proactive strata council as well as long term residents. Close to boutique stores and trendy restaurants along West 4th Ave and Yew Street as well as within a close walk to Kitsilano Beach and Pool. Two decks, Ample storage, Insuite laundry, underground parking, rentals & pets ok. ... more
BRING YOUR HOUSE SIZE FURNITURE! This beautiful 1,445 sqft, 2 bedroom, 2.5 bath townhome has ample space. Main level has fantastic airy layout with width and lots of open space. Complimented with high ceilings, large open kitchen with lots of cupboards & breakfast bar, living room has French doors to patio, and large formal dining area. Main level also has 2pc powder room for guests. Upper level has extra large master bedroom, spacious 2nd bedroom, 2 full bathrooms as well as a flex room. Located in the beautiful MOZAIEK building in sought-after Arbutus Walk neighborhood. Parks, great schools & restaurants just steps away. Short stroll to Kits Beach and 4th Ave shopping plus quick access to downtown & UBC. ... more
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