It was a great September for the Seller at 403 2475York Streetin Kitsilano. After only being on the market for 13 days they sold their Kitsilano Condo for $150,000 over their asking price of $799,900. That is over $873.00 per square foot (not including the 700 square feetof private outdoor space).
Regardless of what the media is saying out our current market this has to make Sellers feel just a little bit better about selling. We live in such a desirable city that there are constantly buyers looking to buy and sellers looking to sell.
It is about finding the property you love and making the jump!
Great location, expansive views and spacious rooms were the key selling points
403 – 2475 York Ave., Vancouver
Type: 2-bedroom, 2-bathroom apartment
Size: 1,087 sq. ft.
B.C. Assessment, 2011: $768,000
Listed for: $799,900
Sold for: $950,000
Sold on: Sept. 20
Days on market: 13
The big sell: The latest report from the Greater Vancouver Real Estate Board depicts a more balanced housing market compared to October 2010: the number of properties listed has increased, but sales have declined. However, the benchmark price for the past 12 months has risen by 7.5 per cent on the back of sales such as this Kitsilano condo, which fetched $150,000 over the asking price. The reasons behind this particular price hike? A picture-perfect Kitsilano vantage point with an exposure that showcases ocean, city and mountain views from a top-floor, corner unit that has two private patios, including one that is 700 square feet. The interior has generously proportioned rooms — making it ideal for “up-sizers” or “downsizers” — as well as hardwood floors, a natural gas fireplace and in-suite laundry. The home comes with two parking spots, a storage locker and a prime location close to West Fourth Avenue and the beach.
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