Listings at a record low for the year and sales at a record high. Kits condo supply dropped from 2 months in Sept to 1.6 months in October.  Vancouver real estate market analysis for Kitsilano condos saw October listings flat at 80.  Sales increased 25% to 50, the highest for the last 22 months, tied with July which is the highest for the year, and three times as many as October'08.  The average sale price dipped to $474,000 but is higher than a year ago.  Average $psf for solds $584.  Average Days on the market for sold condos up slightly to 18. The last quarter have had the lowest DOM for the year.  List price to sale price ratio back to 100%.  A whopping 75% sold at or above list price, indicating many buyers still looking to buy.   October saw 65% of the sales under $500,000.  Only 5 listings didn't sell or were cancelled, up from 2 in Sept and 6 in August.  Only one of the expireds was relisted. Market needs some more listings.

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maggie chandler

Vancouver, BC

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chandler realty

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