By June 7, 2018—
Kitsilano is proving to remain a popular destination for buyers. May was a strong month for the attached homes market in Kitsilano. Many buyers aren’t inclined to pay above the asking price, but for the right house in the right neighbourhood, they are willing to make negotiations to beat the competition. It’s a testament to the Kitsilano neighbourhood that homes are selling above the listing price.
For the attached homes, 22 of the 52 sold homes were at asking price or above. The homes that sold under were within 89% of the most recent asking price.
The detached homes also showed success as 4 of the 9 homes sold were at asking price or above. The homes sold under were within 96% of the asking price.
Like last month, Kitsilano is still sought after by buyers. This is the time to get into the market or sell, before lending rates increase, redcuing the purchasing power of active home buyers!