Tuesday, October 7, 2014

BIV: A Closer Look at Olympic Village Property Values

Business in Vancouver Magazine is out today with a shocking series of slides taking a closer loop at Olympic Village property values.

In the first one, the average change from assessed values in 2011 to 2014 is down almost a stunning 20%:

Breaking down the properties, the average price drop per unit is a whopping $221,546.  The largest price drop is $627,000 for one unit:

Based on floors, from units on the 10th floor and up, prices are down -33%. Mid floors (5th - 9th floor) are down 22% and Lower floors (4th and below) are also down 22%.

BIV also gives a breakdown of the smaller to bigger units:

It's a stunning look at property values in the former Olympic Village.


Email: village_whisperer@live.ca
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