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 January 2025
The False Creek Flats real estate market began the new year with moderate activity, seeing a decline in sales ratios across all segments. While condos and townhomes remained the more popular choice among buyers, overall market activity was softer than in December.
Detached Houses:
- Inventory: 55
- Sales: 4
- Sales Ratio: 7.3%
Condos & Townhomes:
- Inventory: 239
- Sales: 34
- Sales Ratio: 14.2%
Detached homes in False Creek Flats continued to favour buyers, as sales remained subdued. Meanwhile, condos and townhomes maintained moderate demand, though their performance slightly trailed previous months.
Breakdown of Neighbourhoods Around False Creek Flats
Strathcona (East Vancouver)
Strathcona remained stable, with consistent demand for condos and townhomes, while detached home activity remained limited.
Detached Houses:
- Inventory: 6
- Sales: 1
- Sales Ratio: 16.7%
Condos & Townhomes:
- Inventory: 37
- Sales: 9
- Sales Ratio: 24.3%
The detached segment saw little movement, while attached properties continued to show balanced market conditions.
Downtown Eastside
Downtown Eastside’s market activity remained slow, with no sales in the detached segment and limited movement in the attached market.
Detached Houses:
- Inventory: 0
- Sales: 0
- Sales Ratio: 0.0%
Condos & Townhomes:
- Inventory: 50
- Sales: 5
- Sales Ratio: 10.0%
Although the detached home market showed no activity, condos and townhomes continued to see steady interest from buyers.
Grandview-Woodland (East Vancouver)
Grandview-Woodland saw a slight decline in market activity, particularly in the condo and townhome segment.
Detached Houses:
- Inventory: 32
- Sales: 3
- Sales Ratio: 9.4%
Condos & Townhomes:
- Inventory: 42
- Sales: 5
- Sales Ratio: 11.9%
Buyer interest in both segments was measured, with detached homes experiencing particularly sluggish activity.
Hastings (East Vancouver)
Hastings displayed strong contrast between detached and attached home activity, with no detached sales but a strong sales ratio in the condo and townhome segment.
Detached Houses:
- Inventory: 6
- Sales: 0
- Sales Ratio: 0.0%
Condos & Townhomes:
- Inventory: 11
- Sales: 4
- Sales Ratio: 36.4%
The attached segment saw the highest sales ratio in the region, indicating strong buyer interest.
Mount Pleasant (East Vancouver)
Mount Pleasant remained a desirable area for attached homes, although detached sales were absent.
Detached Houses:
- Inventory: 11
- Sales: 0
- Sales Ratio: 0.0%
Condos & Townhomes:
- Inventory: 99
- Sales: 11
- Sales Ratio: 11.1%
The attached market continued to perform steadily, while detached homes saw no sales in January.
Price Analysis: Vancouver East vs. Vancouver West
Situated within Vancouver East, False Creek Flats continues to be a more cost-effective alternative to Vancouver West. Below is an overview of the January 2025 benchmark prices and their respective shifts:
Vancouver East Market Highlights:
- Detached Homes: Priced at $1,841,800, detached homes in Vancouver East saw a 0.7% decrease from last month but a slight 0.6% rise year-over-year.
- Townhouses: At $1,140,300, townhouses experienced a small 0.6% decline compared to the previous month, yet demonstrated a strong 7.4% annual growth.
- Condos: Condos in Vancouver East now average $696,200, reflecting a 0.9% increase month-over-month and a modest 0.3% gain year-over-year.
Vancouver West Market Highlights:
- Detached Homes: Vancouver West detached homes rose to $3,427,100, showing a 1.5% monthly increase and a 1.9% gain from last year.
- Townhouses: With a benchmark of $1,477,500, townhouses saw a notable 3.3% decline compared to December but maintained a 6.6% year-over-year increase.
- Condos: Now valued at $810,300, condos in Vancouver West declined by 1.1% over the past month and saw a 4.0% decrease year-over-year.
Vancouver East remains a more affordable choice compared to Vancouver West, providing substantial savings across all housing types. Detached homes in Vancouver East cost nearly half as much as their Westside counterparts. Townhouses in this region are around $337K cheaper, making them a more viable option for many buyers. Likewise, condos in Vancouver East are priced about $114K lower than those in Vancouver West, highlighting the financial advantages of purchasing in this area.
Explore Properties for Sale in False Creek Flats:
False Creek Flats offers a diverse selection of properties suited to various budgets and lifestyles. Our website curates listings exclusively from this neighborhood, ensuring you find relevant options quickly.
Find Single Family Homes for Sale in False Creek Flats:
Discover Attached Homes for Sale in False Creek Flats:
- Explore Townhomes under $1,150,000 here
- View False Creek Flats Townhomes over $1,150,000 are available here.
Browse Condos for Sale in False Creek Flats:
False Creek Flats combines affordability with urban convenience, making it an appealing choice for homebuyers looking to maximize value in Vancouver’s ever-evolving real estate market. Start exploring your options today!
