July Kitsilano Real Estate Market Update

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Across Vancouver, and including Kitsilano, listing inventory is peaking. With inventory currently higher now as compared to this time last year, and sales hovering around the same numbers, Buyers will have more properties to choose from. So if you’re looking to buy, now is a great time!

The Detached Market in Kitsilano slow, as the “Sales to Active Ratio” is down as compared to last year, with Average Prices and Price/Sq Ft down as well, which is more good news for Buyers. With the new Mortgage rules restricting insured Mortgages to properties sold for under $1 Million, the Detached market might be slowest to rebound in the short term. This news is not too surprising, as the Vancouver Market typically slows down in the summer with everyone heading to the Beach and enjoying their patio during the sunny months.

Check out Average Sales Prices in Kitsilano for Detached, Attached and Apartments after the jump.

Last modified: July 18, 2012

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