Sales at former Olympic Village strong after 30% price drop, Rennie Marketing Systems communications leader says
"Who you gonna call? Ghostbusters!" joked Bob Rennie, Principal of Rennie Marketing Systems, in a press release sent out by his communications director, Lesli Boldt.
"I think we can start saying our good-byes to the 'ghost town' now."
Rennie's team said a total of 128 new condominiums sold, out of 230 available for purchase to date at "The Village on False Creek," the development most of us will still think of for many years to come as "The Olympic Village."
The average sale price was $778,800, with the average discount being 30% off of the originally set price - with the largest discounts for the most expensive suites, and somewhat smaller for the less expensive ones.
Even given the discounts, twenty units sold for over $1 million. The least expensive unit sold for $329,000 while another sold for nearly $3 million, and 57 more sold for under $600,000. Total revenue to date from this development now stands at $99.7 million.
Said Rennie, "We never had a product problem. We never had a proximity problem. What we had was a pricing problem."
For more information you can visit The Village's Sales Centre, open seven days a week.