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Vancouver Real Estate Analysis for Olympic Village August 2009

by Maggie Chandler on September 16, 2009

in Olympic Village

The Olympic Village is Vancouver’s last waterfront community. Vancouver real estate statistics for False Creek South (Olympic Village) saw listings increase 50% and sales decline substantially.

 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 $1,248,000 for 1141 sq.ft. sub penthouse (air conditioned) in Foundry. The increase in listings is due mainly to resales in Foundry at 1833 Crowe.

Listings – Feb 19,  Mar 18, Apr 16, May 26, Jun 28, Jul 18, Aug 26

Sales - Feb 0,  Mar 3, Apr 5, May 3, Jun 4, Jul 10, Aug 2

Average Days on Market for Solds – Mar 22, Apr 28, May 14, Jun 41, Jul 94, Aug 37

Average Sale Price - Mar $399,000 , Apr $325,000, May$429,665, Jun $424,750, Jul $378,150, Aug $401,500

Average $ pr sq ft - Mar $485, Apr $533, May $557, Jun $538, Jul $561, Aug $549

List Price to Sale Price Ratio - Mar 96%, Apr 97%, May 99%, Jun 98%, Jul 98$, Aug 98%

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

Just completed – 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

These condos will be pre-selling soon MAYNARDSBLOCK on W. 1st & Cambie , PINNACLELIVING at 20 E. 1st, 1700 Manitoba, 89 W. 2nd and 1827 Crowe

The Exchange at 1920 Wylie is an office building that is being converted to strata

Olympic village condos are now pre-selling. They will be completed late 2009 , occupied by the Olympians, then the Developer will clean them up and owners will complete on them by summer 2010. Starting at $499,000 – $5million.

Visit the City’s website on this neighbourhood

Subscribe to Millennium-Water’s ezine and learn more about the Olympic Village site, its industrial history, sustainability, planning, policy, water, amenities, the community

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WELCOME! And thanks for checking out my site, and wanting to know a little bit about me. I LOVE what I do, and that’s helping home buyers and home sellers in the waterfront condo neighbourhoods of Vancouver and I’ve been doing just that for nearly 30 years, so I’ve really gotten to know this market like the back of my hand. In fact I’ve seen Vancouver’s neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the West End and now the Olympic Village being built and I have an in depth knowledge of these neighbourhoods. My interest in Vancouver’s history combines with my interest in the changes and growth of its waterfront neighbourhoods. If you see me walking on the seawall, playing tennis or boating, say hello! The city of Vancouver and its neighbourhoods of Coal Harbour, Downtown, Kitsilano, False Creek North, the Olympic Village and the West End have been put on the world map with its dynamic growth, international immigration, hosting the 2010 Winter Olympics, amazing world class restaurants, geographical beauty and quality of life. Consistently voted the Best City in the World to live, you can find great shopping, sports and entertainment in Vancouver. I assist first time and trade up home buyers, investors and vacation home buyers, as well as first time and trade up home sellers, investors and vacation home sellers with the purchase and sale of houses, townhouses and condominiums. I come armed with stats and graphs and an extensive knowledge of market activity, with attention to detail that will give you piece of mind that I’m working in your best interest, I am a hard working, detail oriented, diligent individual with strong interpersonal skills, patience and a high level of integrity . My goal is to make the home buying and the home selling a fun trip with low stress and I use today’s technology to make every real estate transaction as smooth as possible by clearly answering your questions, providing expertise and offering a savvy opinion. Providing trustworthy real estate services in the Vancouver area for over 30 years

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