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May 2019 Kitsilano Market Stats

The market trends are currently showing different stories for detached and attached homes. Take a look for yourself.

Detached Homes

Kitsilano has experienced one of the slowest months yet. With only 2 homes sold (and one of those was relisted from the previous month), we continue to sit on a buyers market. Take a look at the asking price for homes. It has also dropped quite a significant amount from last month.

There are a number of factors that contribute to this buyers market. The competition is tough, but one thing that we know is that to successfully sell during this season, it is crucial to follow marketing strategies that have been proven to work. We have seen this before and we offer services that can help you get your home sold!

Attached Homes

For the second time this year, there’s been an increase in sales for attached homes. The average sales price also went up, but this was in part due to the increased number of townhomes and duplexes being sold, which are higher priced than condos. The constant fluctuation in sales price has been keeping us all on our toes.

On the other hand, while the number of listings has doubled from the previous months, sales are still a fraction of the new listings.

Supply is still higher than demand. There were 30 homes sold in April with the average sold price of $1,167,033. With this kind of market, it’s hard to stand out from the crowd.

The best way to make your home outshine the others is by employing the best marketing strategies that cater specifically to your home’s strengths. We can help highlight the best aspects of your home to get a sale at the best price.

Using our marketing methods can help you become one of the 10 that sold at or over the asking price in April. You should get in touch to learn more about how we bring the characteristics that make your home unique to the front to showcase it’s potential to prospective buyers.

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