How’s the real estate market in False Creek and the Olympic Village neighbourhood? Are prices up or down? What’s the average price? What’s the average days on the market? Is this area good value for waterfront property? Listings continue to rise and sales are flat, delivering a strong buyers market.
Generally developers do not list all their pre-sales on MLSand only some of the Olympic Village condos are listed on MLS, so I cannot keep track of those for you.
East of Burrard Street, west of Ontario Street and north of 6th Avenue. Vancouver’s Olympic Village is part False Creek.
There are resales, many bought by investors and not occupied, there are condo buildings in the neighbourhood that aren’t part of the Olympic Village and there are also many condo presales (Pinnacle, Wall Centre, Maynards, James, Opsal, Central,Lido, Meccanical). So take your pick! Very reasonable prices, starting under $600psf.
The Numbers (vs. previous month)
- listings 76 (61)
- sales 8 (11)
- average days on market 49 (55)
- List Price/Sale Price Ratio 3% (2%)
- average $psf $629 ( 676)
- The average sale price clocked in at $551,435 ($775,346)
- Current inventory in months – 9.5 ( 7.5)
Busiest price range?
- 75% was under $620,000
- 25% between $750,000 and $800,000
90 day trend?
Listings are up and sales are down. Average price is down
Buying or Selling Your Vancouver condo?
I arrive armed with stats and facts
Hyper local info
Strong interpersonal skills
Service that exceeds your high expectations
I educate you about the process and the market
All coupled with decades of experience
View my Olympic Village trends
Leave a comment on Facebook at bottom of this post
[gravityform id=1 name=ContactUs]