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I just finished uploading this Condo for sale, 205 1333 W 7TH AVENUE, Fairview VW, Vancouver West, BC

Two bedrooms, two full bathrooms and two parking stalls, all in a solid rainscreened building on a quiet, tree lined street steps from South Granville shopping, Granville Island, and the seawall. With the kitchen and both bathrooms already nicely updated, this home offers excellent value in a prime Fairview Slopes location. The unit itself has a good efficient layout, in-suite laundry, laminate flooring, a gas fireplace, and a nice sized BBQ-friendly patio. Pet friendly too. Be quick on this one!

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I just finished uploading this Townhouse for sale, 260 12420 NO. 1 ROAD, Steveston South, Richmond, BC

STEVESTON STATION – enjoy panoramic river, island & mountain views from this rare one of a kind LOFT STYLE 2 storey townhome right in the heart of Steveston Village! This 1026sf 1 bdrm + den, 2 FULL bath home features open concept living with 10ft ceilings, BRAND NEW kitchen with S/S appliances, white shaker cabinets & quartz counters w/ bar top seating. Perfect for entertaining - enjoy your cozy gas fireplace, Juliet balcony off the living room, crown molding & hardwood flooring throughout. Upstairs the Master boosts a large custom closet, skylights & a full bath. Take in spectacular sunset views on you massive 220sf west facing rooftop deck! Secured double side-by-side DETACHED GARAGE. Just steps to the boardwalk & Steveston’s many amenities, attractions & shopping! OPEN Sept 28/29 2-4pm

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I just finished uploading this Townhouse for sale, 51 6833 LIVINGSTONE PLACE, Granville, Richmond, BC

GRANVILLE PARK – immaculate & super clean south facing 2 bedroom PLUS den, 2 full bathroom townhome in Central Richmond! Well cared for and updated over the years. Featuring a cozy gas fireplace, laminate flooring on the main, brand new blinds throughout, newer stove, microwave, light fixtures and replaced the garage door opener in 2016. This home is perfect for a young family – walking distance to Minoru Park with the new aquatic centre complete with gym and pools, running track, sports field, ice rink, tennis courts, shopping, Richmond Centre Mall, transit, Canada line, library, schools (Richmond & Blundell) & restaurants! Tandem 2 car garage with extra storage. Well managed complex with super LOW STRATA FEES! Don’t miss this one. OPEN HOUSE: Sat, Sept 21st 2-4pm

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We are proud to announce that this Sep 15th, 2:00 PM to 4:00 PM we will be hosting an Open House at 202 15368 17A AVENUE in the King George Corridor neighborhood, South Surrey White Rock. This is an opportunity to visit this excellent Condo for sale in beautiful King George Corridor.

Please come with any questions you may have. In the meantime you can take a virtual tour of this King George Corridor 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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The stats from the Real Estate Board of Greater Vancouver have been released for August. Please take a read below and let me know if you have any questions!

Metro Vancouver Housing Market Sees Summer Uptick in Sales

VANCOUVER, BC – September 4, 2019 – Home buyer activity increased to more typical levels in Metro Vancouver throughout the summer months.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,231 in August 2019, a 15.7 per cent increase from the 1,929 sales recorded in August 2018, and a 12.7 per cent decrease from the 2,557 homes sold in July 2019.

Last month’s sales were 9.2 per cent below the 10-year August sales average.

“Home sales returned to more historically normal levels in July and August compared to what we saw in the first six months of the year,” said REBGV President Ashley Smith. 

There were 3,747 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in August 2019. This represents a 3.5 per cent decrease compared to the 3,881 homes listed in August 2018 and an 18.8 per cent decrease compared to July 2019 when 4,613 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 13,396, a 13.3 per cent increase compared to August 2018 (11,824) and a 5.9 per cent decrease compared to July 2019 (14,240).

For all property types, the sales-to-active listings ratio for August 2019 is 16.7 per cent. By property type, the ratio is 12 per cent for detached homes, 18.4 per cent for townhomes, and 21.2 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.

“With more demand from home buyers, the supply of homes listed for sale isn’t accumulating like earlier in the year. These changes are creating more balanced market conditions,” Smith said.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $993,300. This represents an 8.3 per cent decrease over August 2018 and a 0.2 per cent decrease compared to July 2019

Sales of detached homes in August 2019 reached 706, a 24.5 per cent increase from the 567 detached sales recorded in August 2018. The benchmark price for detached homes is $1,406,700. This represents a 9.8 per cent decrease from August 2018 and a 0.7 per cent decrease compared to July 2019.

Sales of apartment homes reached 1,116 in August 2019, an 8.9 per cent increase compared to the 1,025 sales in August 2018. The benchmark price of an apartment property is $771,000. This represents a 7.4 per cent decrease from August 2018 and a 0.1 per cent increase compared to July 2019.

Attached home sales in August 2019 totalled 409, a 21.4 per cent increase compared to the 337 sales in August 2018. The benchmark price of an attached unit is $654,000. This represents a 7.8 per cent decrease from August 2018, a 0.2 per cent increase compared to July 2019.

Click here to download the complete stats package.

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