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I just finished uploading this Condo for sale, 204 7831 NO. 1 ROAD, Quilchena RI, Richmond, BC

BEACON COVE – Move in Ready 2 bdrm w/ its own private entrance! Features: engineered h/w in the kitch, laminate throughout, baseboards, paint, new counters, kitch sink, bath tiles, upgraded fireplace surround, newer lighting & clothes washer. Entertaining is a breeze with its spacious & bright dining & living room opening to a HUGE sundeck facing the inner quiet park-like garden! Great for those who love to container garden or just enjoy the peaceful outlook. REPIPED (2017), NEW ROOF, WINDOWS, BALCONIES & PATIO DOORS (2015). BIG Master with ample room for a work station. Great bdrm separation for privacy! 2 LOCKERS. RENTALS & PETS ALLOWED! 1 parking w/ additional spots for rent. Strata fee includes water/sewer utilities. Located in West Richmond close to Shopping, Transit, Parks & Schools.

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I just finished uploading this House for sale, 11640 TRUMPETER DRIVE, Westwind, Richmond, BC

BRAND NEW - Don't miss your chance to buy one of the last new LUC houses in Westwind. Nearly 3,000 SF 3 level 4 bedroom + massive games room & flex space, this beautifully crafted home, built by Gaetz Built Homes, is a must-see for anyone looking to buy in Richmond's premier neighbourhood. Featuring a double car garage, high ceilings, Spice kitchen, Jenn-Air appliances, A/C, Radiant heating, built in entertainment system, and high end security system you and your family can move in today! From the exterior lighting, the detailing along the staircase, to the designer interior hardware, you'll be amazed the moment you approach the property at the high attention to detail rarely seen today! SHOWINGS BY APPOINTMENT!

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I just finished uploading this Townhouse for sale, 1704 4900 FRANCIS ROAD, Boyd Park, Richmond, BC

COUNTRYSIDE – popular & well managed complex located in West Richmond! This 2 storey, 3 bedroom, 1.5 bathroom townhouse is bright & spacious and offers a private East facing fenced yard which backs onto green space. Perfect for those who love to garden! Features upgraded electric heaters in the living and dining room, new blinds, kitchen sink water filter, Granite counters and electric fireplace. HUGE walk-in closet in the master bedroom and TONS of storage inside and out. 2 parking spots right in front! Great recreation centre with large outdoor pool. Roof & Gutters (2014), exterior paint (2015). Close to Railway Bike Path, golf, shopping, transit & Hugh Boyd. Bring your decorating ideas! This is a wonderful home to raise your family. Open House Sat, April 13th 2-4pm.

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We are proud to announce that this Apr 14th, 1:00 PM to 3:00 PM we will be hosting an Open House at 50 6833 LIVINGSTONE PLACE in the Granville neighborhood, Richmond. This is an opportunity to visit this excellent Townhouse for sale in beautiful Granville.

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

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The stats from the Real Estate Board of Greater Vancouver has just been released for March!

 

Prospective Home Buyers Remain on the Sidelines in March


VANCOUVER, BC – April 2, 2019 – Metro Vancouver home sales dipped to the lowest levels seen in March in more than three decades.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,727 in March 2019, a 31.4 per cent decrease from the 2,517 sales recorded in March 2018, and a 16.4 per cent increase from the 1,484 homes sold in February 2019.

Last month’s sales were 46.3 per cent below the 10-year March sales average and was the lowest total for the month since 1986.

“Housing demand today isn’t aligning with our growing economy and low unemployment rates. The market trends we’re seeing are largely policy induced,” Ashley Smith, REBGV president said. “For three years, governments at all levels have imposed new taxes and borrowing requirements on to the housing market.”

“What policymakers are failing to recognize is that demand-side measures don’t eliminate demand, they sideline potential home buyers in the short term. That demand is ultimately satisfied down the line because shelter needs don’t go away. Using public policy to delay local demand in the housing market just feeds disruptive cycles that have been so well-documented in our region.”

There were 4,949 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in March 2019. This represents an 11.2 per cent increase compared to the 4,450 homes listed in March 2018 and a 27.2 per cent increase compared to February 2019 when 3,892 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 12,774, a 52.4 per cent increase compared to March 2018 (8,380) and a 10.2 per cent increase compared to February 2019 (11,590).

For all property types, the sales-to-active listings ratio for March 2019 is 13.5 per cent. By property type, the ratio is 9.4 per cent for detached homes, 15.9 per cent for townhomes, and 17.2 per cent for apartments.

Generally, analysts say downward pressure on home prices occurs when the ratio dips below 12 per cent for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,011,200. This represents a 7.7 per cent decrease from March 2018, and a 0.5 per cent decrease compared to February 2019.

Sales of detached homes in March 2019 reached 529, a 26.7 per cent decrease from the 722 sales in March 2018. The benchmark price for a detached home is $1,437,100. This represents a 10.5 per cent decrease from March 2018, and a 0.4 per cent decrease compared to February 2019.

Sales of apartment homes reached 873 in March 2019, a 35.3 per cent decrease compared to the 1,349 sales in March 2018. The benchmark price of an apartment property is $656,900. This represents a 5.9 per cent decrease from March 2018, and a 0.5 per cent decrease compared to February 2019.

Attached home sales in March 2019 totalled 325, a 27.1 per cent decrease compared to the 446 sales in March 2018. The benchmark price of an attached home is $783,600. This represents a six per cent decrease from March 2018, and a 0.7 per cent decrease compared to February 2019.

 

Click here to download the complete stats package.

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