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Olympic Village

by Maggie Chandler Maggie Chandler No Comments

Why Are Olympic Village One Bedroom Condos Performing the Best?

IMG_2043Why Are Olympic Village One Bedroom Condos Performing the Best? The south east side of False Creek is becoming more popular all the time, both with condo buyers and with renters as this new neighbourhood is nearly completion.

Why Are False Creek one bedroom condos outperforming two and three bedroom condos?

Why? Affordability! Also, one bedrooms are the best return on investment if you’re purchasing real estate for investment. One bedrooms rents are $280psf and up. Read more

by Maggie Chandler Maggie Chandler No Comments

SOLD! 304-1633 Ontario in Vancouver’s Olympic Village on the False Creek Waterfront

V1062443_901_94Listed  at $448,000 on May 5th, then reduced to $439,000 ten days later, then reduced again to $409,000 a week later and bingo a buyer writes an accepted offer and takes over the tenant.

This smart 580sf one bedroom and flex space in Kayak faces east and will overlook the future park. It also has 9ft ceilings, an awesome gym, access to Medallion Pool and concierge.

SOLD! 304-1633 Ontario in Vancouver’s Olympic Village on the False Creek waterfront

Which is your favourite  Olympic Village condo building? Kayak North, Kayak East, Sails, Kayak South, Compass, Brook, Bridge West, Bridge North, Canada House West, Canada House East, Shoreline? Read more

by Maggie Chandler Maggie Chandler No Comments

Admire the Decor of 304-1633 Ontario in Vancouver’s Olympic Village Neighbourhood of False Creek

304  1633 Ontario Street-small-011-deck-666x444-72dpiAdmire the decor of 304-1633 Ontario in Vancouver’s Olympic Village Neighbourhood of False Creek.  Facing east , looking over the future park, with a large patio. This luxury concrete condo building features high ceilings, top appliances and quality finishings throughout. Perfect for first time buyers or investors (currently rented for $1500 per month).

Kayak boasts a concierge, large lobby with high ceilings, a fireplace lounge, a huge gym, gardens with water treatments and share in the pool, sauna and steam Gold Medal facilities.

Call for a showing today! Read more

by Maggie Chandler Maggie Chandler No Comments

Kitsilano Condo Prices Drop 18% in 2012 But Townhomes Roared Up 12%

Vancouver’s most desirable waterfront neighbourhood of Kitsilano saw December condo prices drop 18% from a year ago as townhomes roar up 12% and houses ended up 2.7% less. The extension of the Skytrain to UBC will increase the value of real estate close to West Broadway corridor. Real estate Sales remain down for Kitsilano houses and condos but up for townhomes.

Year Over Year Kitsilano Condos Present Best Value

Kitsilano’s houses peaked at $2,829,000 in Jan’12 and the December average sale price now sits at $1,544,000. April 2012 saw Kitsilano townhomes peak at $1,137,000 and now sit at $1,025,000. Kitsilano Condos have dropped from $517,000 in Dec’11 to $424,833 which is an 11% drop. A good time to sell is now, as the Kitsilano listings are low Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver’s Olympic Village Now 60% Sold – Vancouver Homes for Sale

Real estate marketer Bob Rennie says the tide has turned

Vancouver’s once-troubled Olympic Village development has 75 per cent of units occupied.

But that number includes the project’s 119 rental homes, Rennie said; of the 737 condominiums for sale, 436, or about 60 per cent, have been purchased so far.

Rennie rejoiced Tuesday that sales of the Village’s high-end units are picking up steam, which could bode well for the city, which remains hundreds of millions of dollars in debt on the project. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Update for False Creek – August 2011

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?

Generally developers do not list all their pre-sales on MLS and only some of the Olympic Village condos are listed on MLS, so I cannot keep track of those for you.

The inventory in this neighbourhood is increasing, due to the number of new buildings that are preselling and the olympic village condos. Prices are very reasonable due to this. A good buyers market. Read more

by Maggie Chandler Maggie Chandler No Comments

Opsal Reduces Prices – New Vancouver Condo

Buyers Love Price Reductions!

60 Homes under $379,000! Situated behind the Olympic Village , this super convenient location will make a great home of vancouver real estate investment

1 bedrooms WERE $ 347,900 – NOW starting from $315,900

2 bedroom view residences – NOW starting from $479,900

Presentation Centre located at 29 East 2nd Avenue. Open daily 12-5pm, closed Fridays Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Update for False Creek – June 2011

How’s the real estate market in 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?

REBGV now calls False Creek the area 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, Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Market Update for Olympic Village Neighbourhood

Dreaming about buying your Vancouver condo in the Olympic Village and living on the waterfront?

Well, the selection of condos is slightly  better than it was a year ago.  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 presales (Pinnacle, Wall Centre, Maynards,  James and Opsal).  So take your pick!

Only resale Olympic Village condos are listed on MLS, not the new ones, so stats are a little skewed for the time being Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Condos

Looking for a Vancouver condo pre-sale?

Bastion Developments is keeping busy in the Olympic Village Neighbourhood. I just did a post on Opsal, the heritage site. Well, they are also offering a pre-sale one block away, on Ontario and 2nd Ave.

The Proximity high-rise tower will stand as a visible reminder of the Vancouver’s industrial history. The sleek concrete tower will rise adjacent to the heritage site of Opsal Steel, one of city’s landmark buildings, which will soon offer retail and amenity space in the new Opsal block

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Just moments from Vancouver’s Olympic Village site and its abundance of community amenities, this tower will mark a new development within a very historic neighbourhood. Sustainably designed to include green rooftops and solar panels, Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Condos

Looking for a Vancouver condo pre-sale?

I often drive by the Olympic Village and today I noticed a new condo pre-sale at Quebec and 2nd, by Bastion. The Opsal Steel Heritage Site is about to undergo a big change and will look quite different from what was built there in 1918. It was originally the Columbia Block and Tool Company and sits on the South East side of False Creek.

In fact it became a dilapidated old building and has now been torn down to the two by fours and will serve as a commercial space to connect a 20 storey tower on either side of it, featuring one and two bedroom condos. Pre-selling starts soon. Register now

The Olympic Village neighbourhood is changing fast. If you walk north on Quebec, you will see many development signs. A great place to live – steps to the waterfront and easy access to Downtown Vancouver. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estatate Trends for Olympic Village

Dreaming about buying your Vancouver condo in the Olympic Village and living on the waterfront? 

Well, the selection of condos is better than it was a year ago.  There are resales, many bought by investors and not occupie, there are condo buildings in the neighbourhood that aren’t part of the Olympic Village and there are also presales (Pinnacle, Wall Centre, Maynards and James).  So take your pick! Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver’s Olympic Village Gets Some Much Needed Good News!

Photo Credit: Portobello West

Looking for alternatives to shopping at the mall?  The new Portobello West market coming to Olympic Village might be the answer.

Portobello West has been around for years in Vancouver, although it sometimes flies under the radar.  It’s a monthly market that brings together dozens of up-and-coming artists and clothing designers to sell their wares. The concept is borrowed from the original Portobello Market in London, which showcases hundreds of the country’s top designers.

Items for sale at Vancouver’s Portobello West are eclectic – ranging from handcrafted jewelry to gourmet chocolates, porcelain to fine art prints and haute fashions to custom-designed handbags.  The unifying factor is that Portobello is most definitely not a flea market.  Everything is crafted with a discerning eye and intended for discriminating buyers.  Here’s a somewhat dizzying look inside the market:

Amidst the bad news about Vancouver’s Olympic Village, located on the waterfront on the south side of False Creek – going into receivership, lowering prices in order to sell some of the remaining condos and now a lawsuit from the owners of some of the condos – finally some good news! In the long run the neighbourhood, which will be home to 16,000 people, will work all it’s problems out.

by Maggie Chandler Maggie Chandler No Comments

Vancouver’s Olympic Village Plans Deep-Discount Condo Sale

Unlike Whistler, Vancouver’s Olympic Village condos have had a rough ride – poor sales, receivership, controversy over subsidised housing in this expensive waterfront neighbourhood and the Vancouver taxpayer being left on the hook.

 The condos were pulled off the market last Fall when Millenium Water, the developer, went into receivership. The City also has been criticezed for overpricing the condos and is owed $783 million for the Village.

I will be attending a relaunch on February 17th and will publish an updated post at that time. Sales start March 5th and the presentation centre is now open for pre-viewing. Read more

by Maggie Chandler Maggie Chandler No Comments

What next for Vancouver’s Olympic Village?

IMG_1090Vancouver’s troubled Olympic Village will be returned to the market on February 12, 2011 – the one year anniversary of the 2010 Winter Olympics. When completed there’ll be 16,000 residents in the neighbourhood.

Going on sale will be 150 units in two or three waterfront buildings, including signature building 4 which housed the athletes. There will be significant price reductions. The condos average 1,000 sq.ft. and half of them will be under $1M.  The other half Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Condo Stats for October 2010

Vancouver (west side) condo stats for its waterfront neighbourhoods of Coal Harbour, False Creek North, Fairview, Kitsilano, Downtown, Olympic Village and the West End show October listings down in all neighbourhoods , compared to September and sales either lower or flat.

The average price in five of the seven  neighbourhoods  was lower. Days on market for solds increased in October. Coal harbour remains the highest $ pr sq ft for sold condos, followed by False Creek North. Best value is in Fairview and the Olympic Village neighbourhood resales.

These stats are based on REBGV figures as of November 3rd.

 

October 2010 # of listings # of solds Days onMarket Average Price $ pr sq ft Average SP/LP
Coal Harbour 212 23 62 1,341,760 910 96%
Downtown 589 81 56 506,583 617 97%
False Creek N. 155 15 42 743,400 709 96%
Fairview 153 29 38 431,362 486 98%
Kitsilano 118 24 36 469,113 606 98%
Olympic Vil 57 5 20 441,200 611 98%
West End 216 36 48 452,972 586 96%
             

 

 

 

Sept 2010 # of listings # of solds Days onMarket Average Price $ pr sq ft AverageSP/LP
Coal Harbour 251 24 48 1,230,455 867 96%
Downtown 654 104 47 469,253 631 97%
False Creek N. 214 24 67 940,537 775 96%
Fairview 205 33 49 516,966 563 97%
Kitsilano 101 25 27 464,200 600 98%
Olympic Vil   65 2 6 455,000 567 98%
West End 234 35 42 610,000 608 96%
             

Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for Olympic Village

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%. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for Olympic Village

The Olympic Village is Vancouver’s last waterfront community.  Vancouver real estate statistics for False Creek South (Olympic Village) saw June listings up, as resales came on the market – and sales down.  Average days on market dropped to 22 and  average sold price $447,000 as 5 of the 6 sales were under $500,000. Average $psf  $578.. Sale price to list price ratio 98%. Read more

by Maggie Chandler Maggie Chandler No Comments

Vancouver Real Estate Analysis for Olympic Village

The Olympic Village is Vancouver’s last waterfront community.  Vancouver real estate statistics for False Creek South (Olympic Village) saw May listings and sales increase.  Average days on market dropped from 60 to 29and  average sold price increased to  $588,000 . Average $psf  $615.. Sale price to list price ratio 98%.

420 units of the 1,100 total units on the site have been sold.   MilleniumWaterwill be pre-selling the remainder in May . The waterfront units will be over $1M. Hire me as your Buyer Agent! May 15th is the Grand Opening and 9 floorplans will be on display. View the plan for the neighbourhood, including its amenities. The neighbourhood will eventually house 16,000 people. N.B. Roger bayley was the design manager of the Challenge Series.

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 $1,590,000 for 1225 sq.ft.  penthouse (air conditioned) in Foundry. Least expensive $305,000 for a studio.

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

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)

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

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 – Jan $396,258, Feb $571,980, Mar $490,470, Apr $420,380, May $558,270Average $psf 2009 – Mar $485, Apr $533, May $557, Jun $538, Jul $561, Aug $549, Sept 635, Oct $551, Nov $611, Dec $586Average $psf 2010 – Jan 617, Feb $622, Mar $622, Apr $642, May $615

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%

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

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

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

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Contact Maggie Chandler today to find your Vancouver dream home