I just sold this House at 3960 Regent Street, Steveston Village, Richmond, BC Steveston Village.

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I just sold this Condo at #105 5115 Cambie Street, CAMBIE, Vancouver, BC CAMBIE.

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I just finished uploading this Condo for sale, 205 4955 RIVER ROAD, Neilsen Grove, Ladner, BC

SHOREWALK – Enjoy WATERFRONT living right in the heart of historic Ladner Village! This spacious 2 bdrm + den (a door makes it a 3rd bdrm) CORNER unit has a large covered deck overlooking the Fraser River. Quiet, peaceful location walking distance to the Village with its many shops & restaurants. Entertaining is a breeze in this rancher suite featuring open concept dining & living room with cozy gas fireplace & HUGE southwest facing deck – perfect for BBQs! A fresh air cross breeze is also appreciated due to your own exterior entrance on the 2nd floor. Separate laundry/storage room, 2 PARKING + locker. At almost 1500sf this home is great for families or downsizers and can accommodate "house sized" furniture. Well-managed & maintained building. Pets welcome! Wheelchair access.

We are proud to announce that this Feb 17th, 2:00 PM to 4:00 PM we will be hosting an Open House at 1601 4900 FRANCIS ROAD in Countryside in the Boyd Park neighborhood, Richmond. This is an opportunity to visit this excellent Townhouse for sale in beautiful Boyd Park.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Boyd Park 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

I just finished uploading this Townhouse for sale, 1601 4900 FRANCIS ROAD, Boyd Park, Richmond, BC

COUNTRYSIDE ESTATES – popular & well managed complex located in West Richmond! This 3 bdrm END UNIT is bright & spacious with extra windows and offers a private West facing fenced yard which backs onto green space. Plenty of patio space for those who like to entertain! Upgrades: eon decking, crown moulding & baseboards, newer washer/dryer, upstairs bath with rain shower & radiant in-floor heat, California closet organizers + double glazed windows on lower level. Features a cozy wood burning fireplace, HUGE walk-in closet off the master, TONS of storage & an easily accessible attic. 2 parking spots right in front! Great rec centre with large outdoor pool. Roof & Gutters (2013). Close to Railway Bike Path, golf, shopping, transit & Hugh Boyd. The PERFECT family home! Open Feb 17 2-4pm

We are proud to announce that this Feb 10th, 2:00 PM to 4:00 PM we will be hosting an Open House at 6233 KATSURA STREET in Hamptons Park in the McLennan North neighborhood, Richmond. This is an opportunity to visit this excellent Condo for sale in beautiful McLennan North.

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

Home Listings Increase While Buyers Remain in Holding Pattern

VANCOUVER, BC – February 4, 2019 – Home listings continue to increase across all housing categories in the Metro Vancouver housing market while home buyer activity remains below historical averages.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,103 in January 2019, a 39.3 per cent decrease from the 1,818 sales recorded in January 2018, and a 2.9 per cent increase from the 1,072 homes sold in December 2018.

Last month’s sales were 36.3 per cent below the 10-year January sales average and were the lowest January-sales total since 2009.

“REALTORS® are seeing more traffic at open houses compared to recent months, however, buyers are choosing to remain in a holding pattern for the time being,” Phil Moore, REBGV president said.

There were 4,848 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in January 2019. This represents a 27.7 per cent increase compared to the 3,796 homes listed in January 2018 and a 244.6 per cent increase compared to the 1,407 homes listed in December 2018.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 10,808, a 55.6 per cent increase compared to January 2018 (6,947) and a 5.2 per cent increase compared to December 2018 (10,275).

For all property types, the sales-to-active listings ratio for January 2019 is 10.2 per cent. By property type, the ratio is 6.8 per cent for detached homes, 11.9 per cent for townhomes, and 13.6 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.

“Home prices have edged down across all home types in the region over the last seven months,” Moore said.

The MLS® Home Price Index composite benchmark price for all residential homes in Metro Vancouver is currently $1,019,600. This represents a 4.5 per cent decrease over January 2018, and a 7.2 per cent decrease over the past six months.

“Economic fundamentals underpinning our market for home buyers and sellers remain strong. Today’s market conditions are largely the result of the mortgage stress test that the federal government imposed at the beginning of last year,” Moore said. “This measure, coupled with an increase in mortgage rates, took away as much as 25 per cent of purchasing power from many home buyers trying to enter the market.”

Sales of detached homes in January 2019 reached 339, a 30.4 per cent decrease from the 487 detached sales recorded in January 2018. The benchmark price for detached homes is $1,453,400. This represents a 9.1 per cent decrease from January 2018, and an 8.3 per cent decrease over the past six months.

Sales of apartment homes reached 559 in January 2019, a 44.8 per cent decrease compared to the 1,012 sales in January 2018. The benchmark price of an apartment property is $658,600. This represents a 1.7 per cent decrease from January 2018, and a 6.6 per cent decrease over the past six months.

Attached home sales in January 2019 totalled 205, a 35.7 per cent decrease compared to the 319 sales in January 2018. The benchmark price of an attached unit is $800,600. This represents a 0.5 per cent decrease from January 2018, and a 6.2 per cent decrease over the past six months.

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