RSS

Buying Your Dream Home in a Hot Market


green_house_icon_312519.jpg

Imagine finding the perfect home, only to discover there is serious interest from at least a dozen other buyers. It’s like scrambling for the last piece of cake at a buffet! Fortunately, there are things you can do to help get the home you want, even in a highly competitive market. Here are just a few ideas:


• Only view a few ideal properties at a time. If you see too many, and thus spread yourself too thin, you risk homes slipping through your fingers.

• Be realistic about price. Focus on finding a great home that you can afford, rather than trying to find a bargain.

• Consider homes that need some work. They get less interest than perfectly staged properties, yet can turn out to be a dream home.

• Be prepared to make an offer with as few conditions as possible. An offer conditional on passing inspection is usually fine, but in a competitive situation, offers with other conditions will likely be turned down flat.

• Make your decisions quickly. If there are likely to be other interested buyers, you want to get your offer in early.

• Make the right offer. To win the deal, you want your offer to be as enticing as possible to the seller — especially when it comes to price.

Yes, it can be tough finding an ideal home in a hot market, but I can help. Give me a call and I’ll show you how. 
Read

OPEN HOUSE: SAT/SUN JUNE 24/25 FROM 2-4PM
5 3051 SPRINGFIELD DRIVE, RICHMOND



01 (3).jpg



This Saturday and Sunday, Jun 24th and 25th, 2:00 PM to 4:00 PM I will be hosting an Open House at #5 3051 SPRINGFIELD DRIVE in Springfield Greene in the Steveston North neighborhood, Richmond. This is an opportunity to visit this excellent Townhouse for sale in beautiful Steveston North.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Steveston North Townhouse for sale.

As always please do not hesitate to give me a call at 604.644.1044 if I can answer any questions before the open house, or if you would like to book a private showing.

Alisa Sakamoto
REALTOR® RE/MAX WESTCOAST

Read

I just sold this Condo 317 5500 LYNAS LANE, Riverdale RI, Richmond

262197297-2.JPG

SHOW-STOPPING SUITE! FULL RIVER VIEWS & IMPECCABLY RENOVATED in WORRY FREE building w/nothing left to do but move in! KITCHEN: modern cabinetry with loads of strge space for all your cooking needs, SS appliance package, fresh subway tile backsplash; all with open views into living space! LIVING AREAS: high end - ultra resistant laminate flrg laid w/no transitions for a crisp & clean visual effect, cool paint colors for that interior designer in you, new unique lighting fixts & LGE windows for all the natural light you could want. Watch the float planes take off & land with your morning coffee or your night cap from your spacious balcony (OR from every living space incl your bedroom!). 

Read

I just finished uploading this Townhouse for sale, 2 4991 NO. 5 ROAD, East Cambie, Richmond, BC

NOW SELLING! Introducing, Wembley, a master-planned community of deluxe 3 and 4 bedroom townhouses in a convenient central Richmond location. Built for a modern mindset, Wembley offers an unbeatable combination of spacious, family-friendly floor plans, sleek interior design, geothermal heating and cooling for year-round comfort, and Club Wembley, the community’s amenity centre. Wembley is located within a kilometer of a high school, elementary school, shopping and some of Richmond’s best parks.

Read

11.jpg


I am proud to announce that this Jun 10th & 11th, 2:00 PM to 4:00 PM I will be hosting an Open House at 3051 SPRINGFIELD DRIVE in Springfield Greene in the Steveston North neighborhood, Richmond. This is an opportunity to visit this excellent Townhouse for sale in beautiful Steveston North.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Steveston North Townhouse for sale.

As always please do not hesitate to give me a call at 604.644.1044 if I can answer any questions before the open house, or if you would like to book a private showing.

Alisa Sakamoto
REALTOR® RE/MAX WESTCOAST

Read

I just finished uploading this Townhouse for sale, 5 3051 SPRINGFIELD DRIVE, Steveston North, Richmond

20 (1).jpg

Live the STEVESTON LIFESTYLE in this beautiful 3 bdrm, 2 bath, 2 STOREY townhome. Worry-free complex: rainscreened, hardi-plank siding, energy-efficient windows & doors. Bright & spacious at 1352 SF with many updates: engineered h/w floor, paint, crown molding, upgraded baths, new h/w tank & much more! Huge kitchen (can accommodate an eating area) w/ new S/S appl & butcher block counters. The living & dining room is wonderful for entertaining with views of the western exposed private fenced in yard – perfect for BBQ’s! Upstairs has a large Master w/ cheater ensuite & 2 good sized bdrms. BONUS: external storage shed included. The perfect FAMILY HOME, move in ready! Conveniently located within walking distance to the dyke, Garry Point & The Village. 

Read


The stats from the Real Estate Board of Greater Vancouver have been released for May. We are seeing that the demand for condos and townhouses are driving today’s market as first-time buyers and people looking to downsize from their single-family homes are both competing for these two types of housing. On the other hand, home buyers are beginning to have more selection to choose from in the detached market.

Please take a read below and let me know if you have any questions, I look forward to helping you!


    Market Activity Picks Up In May

VANCOUVER, BC – June 2, 2017 – Home buyer activity returned to near record levels across
the Metro Vancouver* housing market in May.

Residential property sales in the region totalled 4,364 in May 2017, a decrease of 8.5 per cent
from the 4,769 sales in May 2016, an all-time record, and an increase of 22.8 per cent compared
to April 2017 when 3,553 homes sold.

Last month’s sales were 23.7 per cent above the 10-year May sales average and is the third highest
selling May on record.

"Demand for condominiums and townhomes is driving today’s activity," Jill Oudil, Real Estate
Board of Greater Vancouver (REBGV) president said. “First-time buyers and people looking to
downsize from their single-family homes are both competing for these two types of housing.”
New listings for detached, attached and apartment properties in Metro Vancouver totalled 6,044
in May 2017. This represents a 3.9 per cent decrease compared to the 6,289 units listed in May
2016 and a 23.2 per cent increase compared to April 2017 when 4,907 homes were listed.
 
The month-over-month increase in new listings was led by detached homes at 27.1 per cent,
followed by apartments at 22.7 per cent and townhomes at 14.1 per cent.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver
is 8,168, a 5.7 per cent increase compared to May 2016 (7,726) and a 4.5 per cent increase
compared to April 2017 (7,813).
 
"Home buyers are beginning to have more selection to choose from in the detached market,
but the number of condominiums for sale continues to decline," Oudil said.
 
The sales-to-active listings ratio across all residential categories is 53.4 per cent. By property
type, the ratio is 31 per cent for detached homes, 76.1 per cent for townhomes, and 94.6 per cent
for condominiums.
 
Generally, analysts say that downward pressure on home prices occurs when the ratio dips below
the 12 per cent mark for a sustained period, while home prices often experience upward pressure
when it surpasses 20 per cent over several months.
 
“While sales are inching closer to the record-breaking pace of 2016, the market itself looks
different. Sales last year were driven by demand for single-family homes. This year, it's clear
that townhomes and condominiums are leading the way,” said Oudil. “It’s important to work with your local REALTOR® to understand the different factors affecting the market today.”
 
The MLS® Home Price Index composite benchmark price for all residential properties in Metro
Vancouver is currently $967,500. This represents an 8.8 per cent increase over May 2016 and a
2.8 per cent increase compared to April 2017. 

Sales of detached properties in May 2017 reached 1,548, a decrease of 17 per cent from the 1,865 detached sales recorded in May 2016. The benchmark price for a detached property is $1,561,000. This represents a 3.1 per cent increase over May 2016 and a 2.9 per cent increase compared to April 2017.

Sales of apartment properties reached 2,025 in May 2017, a decrease of 5.8 per cent compared to
the 2,150 sales in May 2016. The benchmark price for an apartment property is $571,300. This
represents a 17.8 per cent increase over May 2016 and a 3.1 per cent increase compared to April
2017.


Attached property sales in May 2017 totalled 791, an increase of 4.9 per cent compared to the
754 sales in May 2016. The benchmark price for an attached property is $715,400. This
represents a 13.1 per cent increase over May 2016 and a 1.9 per cent increase compared to April
2017. 
                                              Click here to download the complete stats package.

Read
Categories:   Boyd Park, Richmond Real Estate | Brighouse South, Richmond Real Estate | Brighouse, Richmond Real Estate | Broadmoor, Richmond Real Estate | Cambie, Vancouver West Real Estate | Central Pt Coquitlam, Port Coquitlam Real Estate | Coal Harbour, Vancouver West Real Estate | Delta Manor, Ladner Real Estate | Downtown NW, New Westminster Real Estate | Downtown VW, Vancouver West Real Estate | East Cambie, Richmond Real Estate | East Delta, Ladner Real Estate | East Richmond, Richmond Real Estate | Fleetwood Tynehead, Surrey Real Estate | Glenwood PQ, Port Coquitlam Real Estate | Grandview Surrey, South Surrey White Rock Real Estate | Grandview Woodland, Vancouver East Real Estate | Granville, Richmond Real Estate | Hamilton RI, Richmond Real Estate | Hawthorne, Ladner Real Estate | Highgate, Burnaby South Real Estate | Ironwood, Richmond Real Estate | Kitsilano, Vancouver West Real Estate | Lackner, Richmond Real Estate | Ladner Elementary, Ladner Real Estate | Lynn Valley, North Vancouver Real Estate | McLennan North, Richmond Real Estate | McNair, Richmond Real Estate | Metrotown, Burnaby South Real Estate | Mount Pleasant VE, Vancouver East Real Estate | Mount Pleasant VW, Vancouver West Real Estate | Neilsen Grove, Ladner Real Estate | Quilchena RI, Richmond Real Estate | Riverdale RI, Richmond Real Estate | Riverwood, Port Coquitlam Real Estate | Roche Point, North Vancouver Real Estate | Saunders, Richmond Real Estate | South Arm, Richmond Real Estate | South Marine, Vancouver East Real Estate | Southwest Maple Ridge, Maple Ridge Real Estate | Steveston North, Richmond Real Estate | Steveston South, Richmond Real Estate | Steveston Village, Richmond Real Estate | Terra Nova, Richmond Real Estate | University VW, Vancouver West Real Estate | West Cambie, Richmond Real Estate | West End VW, Vancouver West Real Estate | Westwind, Richmond Real Estate | Woodwards, Richmond Real Estate
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.