Hey, Live Kits Readers!
Can you believe 2017 is almost over? With the New Year just quickly approaching it’s time to recap some Kitsilano property market statistics! Let’s have a look at what happened in November in the hot Kitsilano market.
The Median Sales price for the month of November was $852,000. This was a decline from October, with a difference of about $85,000. The sales to active ratio, however, spiked in November to 57%, increasing from what it was in October at 48%.
A number of days on the market for November listings ranged but averaged out to 10 days per listing. There were 74 new listings (dropping quite a bit from the 102 in October), and the total inventory showed 121. Sales have been relatively steady the last few months, with a total of 69 in November. This may only be a small increase from sales in October but significantly different compared to the 103 sales in May of this year.
Be sure to check back in the New Year to see how the market is shifting and which statistics are changing. If you’re looking to buy or sell your condo, we are here to help you throughout the entire process, regardless if you only have one question to ask or if you’re ready to list- we’re just a phone call away! On behalf of the Zwick Chimes team we wish you all a very happy holiday season!
Please see some of the Kitsilano stats graphs below for your reference: