Kitsilano leading Westside activity for condos and townhomes ... again.

Kitsilano’s condo and townhouse market remained the most active of all Westside neighbourhoods for the fourth consecutive month in September and remains a "Seller's" market.

Quick stats for the month:

  • Condo sales were up by 28%, inventory increased by 9%, and median sale prices were up by 4% when compared to August. 

  • Townhome sales were down by 31%, inventory increased by 20%, and median sale prices were down by 9% month to month. 

Kitsilano is in a “Seller’s market”

In September Kitsilano had a 55% list to sales ratio (up from 54% month prior), resulting from 108 listings and 59 sales. This means its a "Seller's" market.

What does it mean?

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

For the full report and the BIGGER picture visit this link