Kitsilano is Vancouver’s hottest property market, million-dollar homes selling above listing prices

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      The Kitsilano property market is sizzling.

      Home sales in the trendy west side neighbourhood of Vancouver have been leading transactions in the city over the last two weeks.

      More than a fifth of sales in Vancouver were accounted for by Kitsilano from June 22 to July 7 this year, based on tracking by fisherly.com.

      Of the 83 homes sold in the city, 19 were in Kitsilano.

      Eleven of the 19 properties sold in Kitsilano were worth at least a million dollars each, and a number of these went above their listing price.

      A half of a duplex home at 3236 7th Avenue sold after only one day on the market.

      The three-bedroom, three-bath home was listed by Re/Max Select Properties on June 22 for $1,638,000.

      The property changed owners for $1,703,000 on the next day.

      A penthouse in the First On First condo development at 1808 1st Avenue was listed on June 15 by Westside Tom Gradecak Realty for $2,250,000.

      Unit 602 sold for $2,625,000 on June 24 after nine days on the market on June 24.

      The 1,540-square-foot penthouse suite has a private outdoor terrace of over 700 square feet, two bedrooms, and a den.

      Also sold after nine days on the market was a four-flex home at 2394 6th Avenue.

      The eight-bedroom, five-washroom property with rental income was listed by Re/Max Crest Realty on June 15 for $2,799,000.

      The 5,039-square-foot home sold on June 24 for $3,128,000.

      Based on fisherly.com's listing of transactions, the most expensive home sold in Kitsilano over the last two weeks was half of a duplex at 3175 Point Grey Road.

      The home listed by Dexter Realty sold for $5,550,000 on June 27.

      Its listing price on May 25 was $6,395,000. A November 28, 2018 listing by Virani Real Estate Advisors had a $9,988,900 price.

       

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