Kits Real Estate in October

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Kitsilano real estate expert Maggie Chandler has her October real estate market stats online and the Kits market continues to sizzle.

Houses: There were 13 homes sold from $800K (lot value) to over $4 million on Kits Point. Two sold over list and one at list price. Days on market: 27. There are currently 39 listings from $858K to $12,995,000 on Point Grey Road.  3 months of inventory.

Townhomes: October saw 18 sales, from $375K for a one bedroom 685 sqft to $1,568,000 for 1448 sqft. Six sold over list price and 2 at full price.  2 sales under $500K, 5 sales over $1 million. Average days on market: 29. Current listings 35, starting at $399,000 for 850 sqft 2 bedroom.  22 under $1M and one over $2M.  2 months of inventory.

Condos: 40 sales in October… a very busy month, 4 sold under $300K, 26 sold between $300K and $500K, 8 sold between $500 and $1M and one over a million dollars. 6 sold at list price and 13 over list price… meaning just about half of the sales sold at or over list… certainly a very tight market with high demand. There are currently 84 listings, only 3 under $300K, 49 under $500K, 3 over $1M and one over $2M. Only 2 months of inventory.

Last modified: November 10, 2007

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