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I just finished uploading this Townhouse for sale, 1 10800 SPRINGMONT DRIVE, Steveston North, Richmond, BC

STEVESTON DREAM HOME! Move right into this MODERN RENOVATED END UNIT townhome with 3 beds & 2.5 baths located in this coveted Richmond neighbourhood. TWO side by side PARKING stalls by your front door for easy access to your bright and spacious 1,313SF designer home. Endless FEATURES include S/S appliances, NEW flooring, fireplace, QUARTZ counters, kitchen ISLAND & PANTRY, tons of STORAGE, ENSUITE master bath w. double sinks, W/I closet, upstairs LAUNDRY. Take sunset strolls along the Dyke or enjoy Sunday outings to Steveston Village's vibrant restaurants and shops. Entertain family & friends on your private, 390SF patio, and play with Fido and the kids in your fully fenced yard. 410 bus at your door! Don't miss this one!

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We are proud to announce that this Jun 24th, 2:00 PM to 4:00 PM we will be hosting an Open House at 319 10788 NO 5 ROAD in the East Richmond neighborhood, Richmond. This is an opportunity to visit this excellent Condo for sale in beautiful East Richmond.

Please come with any questions you may have. In the meantime you can take a virtual tour of this East Richmond Condo 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

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I just finished uploading this Condo for sale, 319 10788 NO 5 ROAD, East Richmond, Richmond, BC

Calla at the Gardens by Townline - own a BRAND NEW condo without having to pay any GST! This fabulous 631SF south facing 1 bedroom and den unit comes with 1 parking and 1 storage locker. Bask on your sun filled balcony - perfect for BBQing! Spacious and bright, this unit features laminate flooring throughout, open concept kitchen with Bloomberg & Bosch stainless steel appliances, floor to ceiling tiled bathroom and individual heat pump. Enjoy The Gardens’ 12 acre natural park and 6000SF of shared amenities. Superb location just steps to Ironwood Shopping Center, public transit and minutes to Silvercity Entertainment District, airport, US Border & Downtown Vancouver. This unit is perfect for first time home buyers or investors. Don’t miss out on this, it won’t last long! Open Jun 23/24 2-4p

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The stats from the Real Estate Board of Greater Vancouver have just been released for May.Please take a read below and let me know if you have any questions, I look forward to helping you!


Reduced Demand is Allowing Housing Supply to Accumulate

VANCOUVER, BC – June 4, 2018 – Home buyer demand continues to decline across the Metro Vancouver housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,833 in May 2018, a 35.1 per cent decrease from the 4,364 sales recorded in May 2017, and a 9.8 per cent increase compared to April 2018 when 2,579 homes sold.

Last month’s sales were 19.3 per cent below the 10-year May sales average.

“With fewer homes selling today compared to recent years, the number of homes available for sale is rising,” Phil Moore, REBGV president said. “The selection of homes for sale in Metro Vancouver has risen to the highest levels we’ve seen in the last two years, yet supply is still below our long-term historical averages.”

There were 6,375 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in May 2018. This represents a 5.5 per cent increase compared to the 6,044 homes listed in May 2017 and a 9.5 per cent increase compared to April 2018 when 5,820 homes were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 11,292, a 38.2 per cent increase compared to May 2017 (8,168) and a 15 per cent increase compared to April 2018 (9,822).

The total number of listings available today is 17.2 per cent below the 10-year May average.

For all property types, the sales-to-active listings ratio for May 2018 is 25.1 per cent. By property type, the ratio is 14.7 per cent for detached homes, 30.8 per cent for townhomes, and 41.7 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.

“For home sellers to be successful in today’s market, it’s important to price your property competitively given the shifting dynamics we’re experiencing,” Moore said. “It’s also important to work with your local Realtor to better understand these changing conditions.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,094,000. This is an 11.5 per cent increase over May 2017 and a 0.2 per cent increase compared to April 2018.

Sales of detached properties in May 2018 reached 926, a 40.2 per cent decrease from the 1,548 detached sales recorded in May 2017. The benchmark price for detached properties is $1,608,000. This is a 2.4 per cent increase from May 2017 and a 0.1 per cent increase compared to April 2018.

Sales of apartment properties reached 1,431 in May 2018, a 29.3 per cent decrease from the 2,025 sales in May 2017. The benchmark price of an apartment property is $701,700. This is a 20.2 per cent increase from May 2017 and a 0.1 per cent increase compared to April 2018.

Attached property sales in May 2018 totalled 476, a 39.8 per cent decrease from the 791 sales in May 2017. The benchmark price of an attached unit is $859,500. This represents a 16 per cent increase from May 2017 and a 0.6 per cent increase compared to April 2018.

 

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