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Kitsilano Condo Market Update April 2012

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Every month we generate a Vancouver Sales Absorption Report that analyzes the real estate markets in North and West Vancouver, Downtown, and the East and Westside of the city in terms of monthly sales, listings, and absorption rates - the rate at which homes sell in an area (the higher the absorption rate, the faster homes are selling). This statistical analysis has been so well received that we've decided to create one just for attached properties in Kitsilano. Every month we'll be posting these stats right here on our blog! Below you'll find our very first Kitsilano condo market analysis: 

  • Includes attached properties only - condos, townhomes, duplexes, triplexes, etc - in Kitsilano, Vancouver, BC
  • April's overall absorption rate in Kitsilano was 14.68%, which represents 6.8 months worth of supply (buyer's market)
  • There were 66 more listings and 10 fewer sales in April than in March
  • Average Kits condo sales price in April was $729,236, a difference of $69,097 from March's average
  • Average days on market (DOM) was 32 days; no change from the previous month

April 2012 Kits Condos SAR

 

April 2012 Kits Condos Graph
For an analysis of the Kitsilano detached (single-family home) market, visit our brand new sister website KitsHouses.ca.