90 Days to go and counting! Vancouver’s 2010 Winter Olympics commence on February 12, 2010.The Olympic Village is Vancouver’s last waterfront community. Vancouver real estate statistics for False Creek South (Olympic Village) saw listings up and sales down for October.
In her report to council in October, city manager Penny Ballem confirmed that 420 units of the 1,100 total units on the site (including affordable housing) have been “inspected, approved and locked down by VANOC”. MilleniumWater will be pre-selling the remainder in May
We can only track the activity for this neighbourhood through MLS, not the Developers who are pre-selling, but that will eventually change and then we can get a better feel for the neighbourhood. Most expensive listing $1,749,000 for 1359 sq.ft. penthouse (air conditioned) in Foundry.
Listings - Feb 19, Mar 18, Apr 16, May 26, Jun 28, Jul 18, Aug 26, Sept 36, Oct 40
Sales - Feb 0, Mar 3, Apr 5, May 3, Jun 4, Jul 10, Aug 2, Sept 9, Oct 3
Average Days on Market for Solds - Mar 22, Apr 28, May 14, Jun 41, Jul 94, Aug 37, sept 17, Oct 20
Average Sale Price - Mar $399,000 , Apr $325,000, May$429,665, Jun $424,750, Jul $378,150, Aug $401,500, Sept $516,522, Oct $726,000
Average $ pr sq ft - Mar $485, Apr $533, May $557, Jun $538, Jul $561, Aug $549, Sept 635, Oct $551
List Price to Sale Price Ratio - Mar 96%, Apr 97%, May 99%, Jun 98%, Jul 98$, Aug 98%, Sept 100%, Oct 99%
Neighbourhood Buildings - LOFT 495 at 495 W. 6th. LOFT 338 at 338 W. 8th. The VUE at 2520 Manitoba is now 2 years old. The ELEMENTS at 2515 Ontario was built in 2004. THE CALLADINE at 2626 Alberta completed in 2008. XL LOFTS at 438 W. 8th. CENTRO at 138 W. 6th. TURNBULL’S WATCH at 380 W. 10th
The neighbourhood is now serviced by Canada Line, which joines Vancouver International Airport to Downtown. On August 17, 2009 the ride was free and there was a 2 hour wait. check out the website
NOW SELLING! MAYNARDSBLOCK on W. 1st & Cambie from $289,900 and PINNACLELIVING at 20 E. 1st. 600sf one bedrooms from $359,000. 1050 sf two bedrooms from$699,000. Due for completion October 2011.
UPCOMING PRESALES - 1700 Manitoba, 89 W. 2nd and 1827 Crowe
The Exchange at 388 W. 1st, an old telephone exchange building is completed and now selling – one bedrooms 588 sf from $385,000.
Olympic village condos complete in November 2009 , occupied by the Olympians, then the Developer will clean them up and owners will receive title in May 2010. Starting at $499,000 – $5million.
Visit the City’s website on this neighbourhood
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