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I just finished uploading this House for sale, 9611 MCBURNEY DRIVE, Garden City, Richmond, BC

Situated on a beautiful tree-lined street, this is the PERFECT FAMILY HOME. Completely upgraded in 2018, this 2 storey, 2,408 SF 4/5 bdrm, 2.5 bath home sits on a 6,577 SF lot WALKING DISTANCE to Garden City Plaza Shopping Centre, Howard De Beck Elementary & Palmer Secondary. Spacious & bright featuring a gorgeous kitchen with quartz counters, breakfast bar, s/s appliances & new flooring. Massive fenced backyard with new paver stone patio - perfect for entertaining! Plenty of yard space for kids & pets to enjoy or for those who love to garden. Fresh paint, double glazed windows, 3 remodelled baths PLUS a double garage. Upstairs features 4 bdrms (Huge Master with walk-in closet) + Games Room with closets (could be used as a 5th bdrm). MOVE IN READY! Open House Nov 2 & 3 2-4pm

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I just finished uploading this Townhouse for sale, 194 3031 WILLIAMS ROAD, Seafair, Richmond, BC

Welcome to 'Edgewater Park'! This tastefully updated, 2-level, 4 bedroom, 2 bath townhouse features an updated kitchen complete with stainless steel appliances, gas stove, quartz counters, eating bar, updated bathrooms (heated floor in upper level bathroom) crown mouldings, updated rock fireplace, recessed lighting, private backyard quiet outlook, 2 parking and extra storage just outside your front door. Great quiet location in complex- just steps to the dyke, greenspace and play areas. Very well run welcoming family and pet friendly complex in prime West Richmond location with outdoor pool, club house, lovely landscaping, lots of visitor parking and easy access to Dixon Elementary (French immersion), Hugh Boyd, recreation, shopping and transit. Perfect place to call home!

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The stats from the Real Estate Board of Greater Vancouver have been released for September. Please take a read below and let me know if you have any questions!

 

Increased Demand Helps Housing Market Reach Balanced Territory

VANCOUVER, BC – October 2, 2019 – Home buyer demand has returned to more historically typical levels in Metro Vancouver over the last three months.

 
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,333 in September 2019, a 46.3 per cent increase from the 1,595 sales recorded in September 2018, and a 4.6 per cent increase from the 2,231 homes sold in August 2019.
 
Last month’s sales were 1.7 per cent below the 10-year September sales average.
 
“We’re seeing more balanced housing market conditions over the last three months compared to what we saw at this time last year,” Ashley Smith, REBGV president said. “Home buyers are more willing to make offers today, particularly in the townhome and apartment markets.”
 
There were 4,866 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2019. This represents a 7.8 per cent decrease compared to the 5,279 homes listed in September 2018 and a 29.9 per cent increase compared to August 2019 when 3,747 homes were listed.
 
The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 13,439, a 2.7 per cent increase compared to September 2018 (13,084) and a 0.3 per cent increase compared to August 2019 (13,396).
 
For all property types, the sales-to-active listings ratio for September 2019 is 17.4 per cent. By property type, the ratio is 12.7 per cent for detached homes, 18.9 per cent for townhomes, and 21.9 per cent for apartments.
 
Generally, analysts say that 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.
 
“This is a more comfortable market for people on both sides of a real estate transaction,” said Smith. “Home sale and listing activity were both at typical levels for our region in September.”
 
The MLS® Home Price Index composite benchmark price for all residential homes in Metro Vancouver is currently $990,600. This represents a 7.3 per cent decrease over September 2018 and a 0.3 per cent decrease compared to August 2019.
 
Sales of detached homes in September 2019 reached 745, a 46.7 per cent increase from the 508 detached sales recorded in September 2018. The benchmark price for a detached home is $1,406,200. This represents an 8.6 per cent decrease from September 2018 and is virtually unchanged compared to August 2019.
 
Sales of apartment homes reached 1,166 in September 2019, a 43.6 per cent increase compared to the 812 sales in September 2018. The benchmark price of an apartment property is $651,500. This represents a 6.5 per cent decrease from September 2018 and a 0.4 per cent decrease compared to August 2019.
 
Attached home sales in September 2019 totalled 422, a 53.5 per cent increase compared to the 275 sales in September 2018. The benchmark price of an attached home is $767,500. This represents a 7.2 per cent decrease from September 2018 and a 0.6 per cent decrease compared to August 2019.

 

Click here to download the complete stats package.

 

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