Kitsilano Home prices falling

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Kitsilano homes have reached sale volumes that are lower than slow. During the last 60 days 100 homes were for sale. Of that number only 5 sold. A further 16 homes listings expired and almost half (46) of the inventory reduced their price. The average sold price was $1,244,600. The lowest sale was $875,000 the highest, $1,799,000.

The uncertainty of global financial prospects, elections have all combined to deliver an incredible lack of consumer confidence. There is a great sense that everyone is beginning to “turtle” and withdraw from all market segments.

Data courtesy of REBGV. Statistical numbers provided may vary due to dynamic posting by the REBGV. The enclosed information while deemed to be correct is not guaranteed and is provided by Larry Yatkowsky, Realtor®, YatterMatters.com. Further information available by calling 604-657-6236 or emailing lmy@Yattermatters.com.

Last modified: November 6, 2008

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