With the holiday season just around the corner, it is not surprising to see the activity in the Kitsilano real estate market slip in November.
Both the attached and detached markets saw decreases in new listings and sales, trends I expect to continue through December. We did see median pricing rise in both markets in November. This is primarily due to the fact that, in slower markets, it tends to be the top properties in each price point that end up selling while some of the less desirable properties sit on the market. As more of these top end homes are selling in a market place with very few sales overall, the median price gets pushed up. Look for this to correct as activity rises in the new year.
I hope you all have a fabulous holiday season! Graphs after the jump.
Last modified: December 19, 2011