How Did Vancouver’s False Creek Real Estate Perform in 2013? Let’s take a look at the graphs. Average sale price for False Creek properties is equal to the prces in Fall 2008, which was the first time the price hit $648,000.
Average days on market for December 2013 was 29, down 3 % from a year ago
False Creek sales for 2013 clocked in at 247, up 32% over 2012 and sellers only moved an average of 3% off list price
Sales to active ratio rose 25% to 16%
Property listings in False Creek were only 3% above a year ago and there are currently 110 properties listed, which is on the high side due to the new condo buildings in this waterfront neighbourhood
Dollar volume was up 35% from 2012
Least expensive? $272,000 for a studio
Most expensive ? $3.2M for 3000sf condo on the waterfront at 181 Athletes Way
9 sales over $2M vs 2 in 2012
The real estate market is looking up in this Vancouver waterfront neighbourhood!
What are the Geographical Areas of False Creek?
East of the Burrard Street Bridge to Cambie Street Bridge is the older part of False Creek. Most of this land is on a land lease from the city of vancouver and owners pay a monthly land lease which expires between 2030 to 2040. There is also freehold land (Pennyfarthing and Moberly).
East of Cambie Street Bridge is the Olympic Village neighbourhood which ends at Quebec Street. Bordered by the waterfront and 2nd avenue.
Why Hire Maggie Chandler as your Vancouver Realtor?
I am a full time Professional and offer a high calibre service
You can count on my decades of hyper-local knowledge and experience
I understand the real estate in Vancouver’s waterfront neighbourhoods, its history and its evolution
Looking for a Vancouver Penthouse, waterfront condo, townhome, heritage condo, loft or luxury real estate?
I help you get exactly what you want! Call Maggie today! 604-328-0077
Author Maggie Chandler 1648 W. 6th Ave., Vancouver, BC V6J 1R3
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