Condo inventory, numbers of sales, and price index dip in Kitsilano in October

Kitsilano’s condo market was very active in October yet saw inventory, sales, and the MLS price index decrease when compared to September.

Condo inventory had been increasing until September but decreased by 11% when compered to October. Sales like inventory peaked in September and decreased by 10% month to month. The MLS HPI price index for Kits condos has been decreasing since July but October was a minimal dip and pricing was generally flat.

Some quick facts for October:

  • Though the MLS price index decreased last month, median prices for 2 bedroom condos increased in October, while median prices for 1 bedroom or smaller condos decreased. 
  • Condos in Kitsilano sold on average 2.4% below list price
  • Market Determination: Kitsilano is in a “Seller’s market”. 

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