Kitsilano, Point Grey, University, Dunbar & Southlands Real Estate Movement In October 2021

Vancouver Westside is always a popular destination when it comes to real estate. Kitsilano & Point Grey have some of the most beautiful waterfront properties, including one that belongs to Chip Wilson (founder of Lululemon Athletica) which was assessed at a jaw-dropping $64.9 million dollars in 2021. Dunbar, University & Southlands are well-known for its peaceful & quiet setting as well as their proximity to UBC, making it a popular destination for locals and investors both. Southlands is especially famous for its luxurious equestrian properties and an equine population that are often spotted trotting along the streets with or on their horses.  The areas outside of Downtown Vancouver had higher activities for condos & townhomes in October 2021. In this segment we’ll look at how detached houses in Kitsilano, Point Grey, University, Dunbar & Southlands did in the same period.

Most Active to Least Active Among These Vancouver Neighbourhoods

While the average sales ratio across Vancouver Westside was a balanced 17%, some of these hoods had far above, as well as far below, sales ratios. 

  1. Kitsilano houses were the hottest with a sales ratio of 54%.
  2. Point Grey came in second at 21% – higher than average, but far lower than Kits.
  3. Dunbar came close to Point Grey at 19% ratio – still above average.
  4. University came 4th at a 16% sales ratio – slightly below average.
  5. Southlands was the least active with 6% – not even half the average. 

These 5 neighbourhoods combined for 50 detached homes sales out of 108 houses that exchanged hands in October 2021 (nearly half)! The average sale price was $3.205M, up 2% from September 2021 and the days on market dropped from 26 to 15.

Breaking Down The Luxury Segment in Vancouver Houses

Point Grey had the most new listings added with 80 new houses sprung into the market, while Kitsilano had only 26 new homes listed with the highest sales ratio, indicating lower supply & higher demand. Point Grey homes tend to be priced much higher than Kits on average. As of the time of writing this article, there are 6 homes listed for over $20 Million in Point Grey (Vancouver) with just over 70 listings, whereas neighbouring Kitsilano (Vancouver) has 2 houses asking over $10 Million but around 30 listed. Also known for their luxury homes, Southlands (Vancouver) has over 30 houses, with 4 asking over $10 Million, while University (Vancouver) has less than 25 houses listed with 5 of them priced over $10 million. Dunbar (Vancouver) has significantly more inventory than Kitsilano (over 60) with none of the houses asking over $10 million as of November 19th 2021. 

Want To Know Which Homes Sold For How Much, In Each Neighbourhood?

Ken & Samantha can provide you with a very detailed report of which listings sold for exactly how much in all neighbourhoods in Vancouver West. Contact us now for a personalized report.