The Olympic Village is Vancouver’s last waterfront community. Vancouver real estate statistics for False Creek South (Olympic Village) saw July listings flat and sales grind to a halt with only 2 reported on MLS for the month. Average days on market jumped to 53 and average sold price $542,3000. Average $psf $596.. Sale price to list price ratio 98%.
420 units of the 1,100 total units on the site have been sold. The waterfront units are over $1M. Hire me as your Buyer Agent! 9 floorplans are on display. View the plan for the neighbourhood, including its amenities. The neighbourhood will eventually house 16,000 people.
We can only track the activity for this neighbourhood through MLS ,not the Developers who are pre-selling, but that will eventually change as they all become resales and then we can get a better feel for the neighbourhood. Most expensive listing $1,4580,000 for 1094sf (air conditioned) in the Village. Least expensive $359000 for a 446sf studio condo.
Listings 2009 - Feb 19, Mar 18, Apr 16, May 26, Jun 28, Jul 18, Aug 26, Sept 36, Oct 40, Nov 28, Dec 25
Listings 2010 – Jan 33, Feb 36, Mar 33, Apr 39, May 47, Jun 61, Jul 60
12 listed between $300,000 & $500,000. 17 listed between $500,000 and $1M and 4 listed over $1M Sales 2009-Feb 0, Mar 3, Apr 5, May 3, Jun 4, Jul 10, Aug 2, Sept 9, Oct 3, Nov 7, Dec 11 (4 resales and 7 pre-sales)
Sales 2010 -Jan 7, Feb 4, Mar 7 (all under $750,000), Apr 5 (all under $485,000), May 10 (all under $750,000), Jun 6, Jul 2
Average Days on Market for Solds 2009-Mar 22, Apr 28, May 14, Jun 41, Jul 94, Aug 37, sept 17, Oct 20, Nov 36, Dec 35
Average Days on Market for Solds 2010 – Jan 24, Feb 25, Mar 36, Apr 60, May 29, Jun 22, Jul 53
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, Nov $457,000, Dec 419,000
Average Sale Price 2010 – Jan $396,258, Feb $571,980, Mar $490,470, Apr $420,380, May $558,270, Jun $447,500, Jul $542,300
Average $psf 2009 - Mar $485, Apr $533, May $557, Jun $538, Jul $561, Aug $549, Sept 635, Oct $551, Nov $611, Dec $586
Average $psf 2010 - Jan 617, Feb $622, Mar $622, Apr $642, May $615, Jun $578, Jul $596
List Price to Sale Price Ratio 2009- Mar 96%, Apr 97%, May 99%, Jun 98%, Jul 98$, Aug 98%, Sept 100%, Oct 99%, Nov 98%, Dec 99%
Sale Price to List Price Ratio 2010 – Jan 100%, Feb 99%, Mar 98%, Apr 99%, May 98%, Jun 98%, Jul 98%
Neighbourhood Buildings -LOFT 495 at 495 W. 6th. LOFT 338 at 338 W. 8th. The VUE at 2520 Manitoba is now 3 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 EXCHANGE at 388 W. 1st
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 PRES-SELLING! MAYNARDSBLOCK on W. 1st & Cambie - Two 13 and 9 storey concrete, steel and glass towers connected to historically restored Maynards brick buildingwith 171 CONDOS UNDER $399,900. Rennie Marketing Presentation Centre open Sat-Thurs. Developer is Aqualini. James at 288 W. 1st by Cressey. Call me if you are interested in buying.
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 and 1827 Crowe
Olympic village condos completed in November 2009 , occupied by the Olympians, then the Developer will clean them up and owners will receive title in summer 2010. Remaining units now pre-selling, starting at $499,000 – $5million
search for listings on your own VOW (virtual office website). Sign up for a FREE subscription and receive listings 2 days before realtor.ca, in Full Printout. Search by address, MLS#, street. View google street search, Walkscore and more!
when you’re ready to buy or sell an olympic village condo, contact Maggie, an experienced marketing vancouver homes since 1981 and 2009 MLS Medallion Club Master Diamond Member
keep up to date with vancouver’s changing real estate market, subscribe via RSS or email
info from rebgv and though deemed to be correct, should be verified by the individual
You must log in to post a comment.