Kitsilano Vancouver Real Estate Statistics and Chart for July 2009

The month of July 2009 was the strongest July (by sales volume) ever. Yes. It was a bigger July than we had during the entire boom period of the early to mid-2000s (the next strongest was July 2003). Yet again we saw the Kitsilano real estate market mirror that activity.

Kitsilano Homes for Sale (Kitsilano Condos only) – 136

Once again we have another new low for the number of Active Listings in Kitsilano real estate. There were only 168 Active Listings in June and this fell once more to just 136 in July 2009. This is well under half of the number we saw at the peak (September 2008 had 286 Active Listings).

Kitsilano Homes Sold (Kitsilano Condos only) – 89

After Sales fell for the first time in six months in the month of June, we saw them rebound in July 2009. Kitsilano saw 89 sales of condos in that month. This matches the peak reached in May 2009 and considerably higher than the lows of 16 Sales in October/November 2008.

The Average Sale Price of Kitsilano condos was up once again (for the fourth month in a row) to $587,000 (from $56,000). The Average Per Square Foot Price was $604, up from $580. The Cumulative Days on Market of the homes that sold was 56, up slightly from 50 the previous month.

Kitsilano Home Sale Prices (Kitsilano Condos only)

There were 5 sales between $200,000 and $300,000, 17 sales $300,000 and $400,000, 25 sales between $400,000 and $500,000, 12 sales between $500,000 and $600,000, 6 sales between $600,000 and $700,000, 10 sales between $700,000 and $800,000, 4 sales between $800,000 and $900,000, 3 sales between $900,000 and $1,000,000, 5 sales between $1,000,000 and $1,300,000, and 2 sales over $1,500,000.

The least expensive listing sold for $275,000 which was a 637 sq ft 6 year old one bedroom. The most expensive sale sold for $2,000,000 for a 33 year old 1 bed, 3 bath that is 1624 sq ft.

Kitsilano Vancouver Monthly MLS Statistics - July 2009

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Copyright © 2009 Kitsilano Real Estate in the Vancouver Real Estate Blog by Sebastian Albrecht, Vancouver Realtor with Royal LePage Westside ”Kitsilano Vancouver Real Estate Statistics and Chart for July 2009”