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.
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.
HAMPTONS PARK – concrete construction & quality built by award-winning developer CRESSEY. Spacious & Bright 2 bdrm, 2 bath CORNER unit. Open concept layout featuring laminate floors in the main area, newer washer & dryer, overhead microwave & dishwasher. 1 parking + 1 locker. Enjoy resort style amenities: roof top garden with BBQ, indoor pool, hot tub, sauna, steam room, games room, gym, party lounge, guest suite & onsite caretaker! Tennis courts and Garden City Park are right outside your doorstep. Super convenient - walking distance to schools (Anderson, MacNeill, Kwantlen), Richmond & Lansdowne Mall, Walmart complex, restaurants, transit, skytrain and easy access to highway & YVR. Don't miss this one! OPEN HOUSE Feb 3 2-4pm
RIVER PARK PLACE – quality built by award-winning developer INTRACORP. Fabulous 2 bdrm, 2 bath unit with a MASSIVE 290 SF PRIVATE patio overlooking the city – great for entertaining! Open concept layout featuring A/C, engineered h/w floors, s/s integrated appl and Quartz counters with large kitchen Island. Upgrades: California closets, built in office nook & new lighting. 2 SIDE BY SIDE parking stalls + 1 HUGE locker! With a 25,000 SF rooftop garden & 5000 SF of indoor amenities (basketball court, gym, music room) it suits an active lifestyle. As part of the emerging Oval Village you're only steps away from Richmond Olympic Oval, T&T supermarket, a stroll on the Dyke and much more. Move on in or invest - this won't last long! OPEN HOUSE Feb 2 2-4pm & Feb 3 11am-1pm
Home Listings at Four-Year October High as Sales Remain Below Typical Levels
VANCOUVER, BC – November 2, 2018 – Home sale activity across Metro Vancouver* remained below long-term historical averages in October.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,966 in October 2018, a 34.9 per cent decrease from the 3,022 sales recorded in October 2017, and a 23.3 per cent increase compared to September 2018 when 1,595 homes sold.
Last month’s sales were 26.8 per cent below the 10-year October sales average.
“The supply of homes for sale today is beginning to return to levels that we haven’t seen in our market in about four years,” Phil Moore, REBGV president said. “For home buyers, this means you have more selection to choose from. For sellers, it means your home may face more competition, from other listings, in the marketplace.”
There were 4,873 detached, attached and apartment homes newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in October 2018. This represents a 7.4 per cent increase compared to the 4,539 homes listed in October 2017 and a 7.7 per cent decrease compared to September 2018 when 5,279 homes were listed.
The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 12,984, a 42.1 per cent increase compared to October 2017 (9,137) and a 0.8 per cent decrease compared to September 2018 (13,084).
For all property types, the sales-to-active listings ratio for October 2018 is 15.1 per cent. By property type, the ratio is 10.3 per cent for detached homes, 17.3 per cent for townhomes, and 20.6 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 between three and five per cent, depending on housing type, in our region since June,” said Moore. “This is providing a little relief for those looking to buy compared to the all-time highs we’ve experienced over the last year.”
The MLS® Home Price Index composite benchmark price for all residential homes in Metro Vancouver is currently $1,062,100. This represents a one per cent increase over October 2017 and a 3.3 per cent decrease over the last three months.
Sales of detached homes in October 2018 reached 637, a 32.2 per cent decrease from the 940 detached sales recorded in October 2017. The benchmark price for detached properties is $1,524,000. This represents a 5.1 per cent decrease from October 2017 and a 3.9 per cent decrease over the last three months.
Sales of apartments reached 985 in October 2018, a 35.7 per cent decrease compared to the 1,532 sales in October 2017. The benchmark price of an apartment property is $683,500. This represents a 5.8 per cent increase from October 2017 and a 3.1 per cent decrease over the last three months.
Attached homes sales in October 2018 totalled 344, a 37.5 per cent decrease compared to the 550 sales in October 2017. The benchmark price of an attached home is $829,200. This represents a 4.4 per cent increase from October 2017 and a 2.8 per cent decrease over the last three months.
CHATHAM 3755 - Designed to complement the heritage quality of the Village, this mixed-use building offers a boutique collection of 16 generously-sized 2-bdrm to 3-bdrm + den homes, striking the perfect balance between opulent living & cozy comfort. All homes feature 9ft ceilings, forced air heating & cooling w/ radiant electric heat in the master ensuite, kitchens w/ a gourmet appliance package, elegant crown moldings, durable wide-plank wood flooring w/ ceramic tile, side-by-side washer & dryer, & ample storage space. The crown jewel is the 4th floor- a shared roof deck w/ 360-degree views stretching from the Fraser River to the North Shore mountains. Chatham 3755 offers a lifestyle that many long for, but few seem to find.
The Roderick in Steveston Village is Richmond’s most exciting new development. This boutique-style mixed use building features 32 spacious and well-appointed homes, each with expansive outdoor areas. Over half of the units boast 360 degree views of the Village, Fraser River, Gulf Islands, and Coast Mountain range from their rooftop decks (with many over 1,000 square feet). All homes feature sleek modern interiors, thoughtful features and gourmet kitchens with six top of the line appliances. You’ll want for nothing at The Roderick, located in the heart of Steveston Village just steps to coffee shops, restaurants, shopping, trails, Steveston Community Centre, and home to an impressive, new Save-On Foods.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.