Disclaimer: The False Creek Flats region spans parts of Strathcona, Downtown Eastside, Grandview-Woodland, Hastings, and Mount Pleasant (Eastside) neighborhoods. To provide a snapshot of the real estate market trends around False Creek Flats, we include these areas in our analysis to approximate the market activity within this dynamic area.
False Creek Flats Market Summary for November 2024
The False Creek Flats real estate market exhibited mixed activity in November, with noticeable differences between detached homes and condos/townhomes.
Detached Houses:
- Inventory: 69
- Sales: 5
- Sales Ratio: 7.2%
Condos & Townhomes:
- Inventory: 282
- Sales: 64
- Sales Ratio: 22.7%
Detached homes in False Creek Flats remained a buyer’s market with high inventory and limited sales. The condo and townhome segment demonstrated stronger performance, with a balanced sales ratio reflecting steady buyer interest.
Here is the breakdown of all neighbourhoods around False Creek Flats.
Strathcona (East Vancouver)
Strathcona showed limited activity in detached homes, while condos and townhomes maintained moderate demand.
Detached Houses:
- Inventory: 10
- Sales: 0
- Sales Ratio: 0%
Condos & Townhomes:
- Inventory: 44
- Sales: 5
- Sales Ratio: 11.4%
Detached homes in Strathcona saw no sales, while attached properties showed modest interest with a balanced sales ratio.
Downtown Eastside
Market activity in the Downtown Eastside was subdued, with no detached home activity and limited interest in condos and townhomes.
Detached Houses:
- Inventory: 0
- Sales: 0
- Sales Ratio: 0%
Condos & Townhomes:
- Inventory: 57
- Sales: 11
- Sales Ratio: 19.3%
With no detached homes on the market, the attached housing segment exhibited reasonable activity but trailed other neighborhoods.
Grandview-Woodland (East Vancouver)
Grandview-Woodland showed mixed results, with steady interest in condos and townhomes, but slow activity in detached homes.
Detached Houses:
- Inventory: 35
- Sales: 2
- Sales Ratio: 5.7%
Condos & Townhomes:
- Inventory: 44
- Sales: 13
- Sales Ratio: 29.5%
Detached homes in Grandview-Woodland struggled with demand, while the attached market performed well, reflecting buyer interest.
Hastings (East Vancouver)
The Hastings neighborhood displayed a stark contrast between detached and attached home activity.
Detached Houses:
- Inventory: 12
- Sales: 0
- Sales Ratio: 0%
Condos & Townhomes:
- Inventory: 17
- Sales: 9
- Sales Ratio: 52.9%
Hastings’ detached market was inactive, while condos and townhomes saw strong demand, resulting in the highest sales ratio among the surrounding areas.
Mount Pleasant (East Vancouver)
Mount Pleasant remained competitive, with moderate activity in detached homes and steady interest in condos and townhomes.
Detached Houses:
- Inventory: 12
- Sales: 3
- Sales Ratio: 25%
Condos & Townhomes:
- Inventory: 120
- Sales: 26
- Sales Ratio: 21.7%
The attached market in Mount Pleasant reflected balanced conditions, while detached homes also showed respectable activity.
Price Analysis: Vancouver East vs. Vancouver West
False Creek Flats is part of Vancouver East, which continues to offer more affordable options compared to Vancouver West. Here’s a breakdown of the November 2024 benchmark prices and their respective changes:
Vancouver East Market Highlights:
- Detached Homes: The benchmark price was $1,862,700, marking a 1.5% decrease from the previous month but a slight 0.1% increase year-over-year.
- Townhouses: Prices reached $1,118,200, reflecting a 3.3% monthly decrease but a 1.0% rise compared to the previous year.
- Condos: The benchmark price stood at $692,500, showing a stable market with a 1.0% monthly increase but a 0.9% decline year-over-year.
Vancouver West Market Highlights:
- Detached Homes: The benchmark price climbed to $3,384,400, a modest 0.5% monthly increase but a 2.4% decline over the past year.
- Townhouses: Prices rose significantly to $1,519,600, showing a strong 4.3% increase month-over-month and a 6.7% rise year-over-year.
- Condos: The benchmark price settled at $825,900, reflecting a slight 0.5% monthly decrease and a 1.2% decline compared to last year.
Vancouver East remains a more affordable option compared to Vancouver West across all property types. Detached homes in Vancouver East are nearly half the price of those in Vancouver West, offering significant savings for buyers. Townhouses on the Eastside are approximately $400K less expensive, making them a more accessible choice for families and professionals. Similarly, condos in Vancouver East provide a savings of around $133K compared to their Westside counterparts, highlighting the affordability and value of the Eastside market.
Explore Properties for Sale in False Creek Flats:
False Creek Flats features a wide variety of properties to suit different budgets and preferences. Our website uses a custom boundary to filter listings exclusively within False Creek Flats, ensuring that nearby properties outside the area are not included.
Find Single Family Homes for Sale in False Creek Flats:
Discover Attached Homes for Sale in False Creek Flats:
- Explore Townhomes under $1,120,000 here
- View False Creek Flats Townhomes over $1,120,000 are available here.
Browse Condos for Sale in False Creek Flats:
False Creek Flats combines affordability and urban convenience, making it an attractive choice for homebuyers looking to balance cost and location. Explore your options today!
