I just finished uploading this Condo for sale, 101 7300 MOFFATT Road, Richmond

101 7300 Moffatt dining room.jpg

ASHFORD PLACE - Perfect 1st home or a great investment! Terrific complex, RENTABLE, spacious, 955 SF, 2 bedroom CORNER unit with large in-suite laundry room which makes for good storage space. This priced to sell unit is in an ultra QUIET location with a wrap around balcony. Features newer appl: fridge, stove & washer/dryer. Wonderful living room w/ cozy wood-burning fireplace & laminate flooring. Large master bdrm with a private outlook. Superb recreation facility containing a gym, sauna, outdoor pool & hot tubs. Gated secure parking -1 spot. Conveniently located within walking distance to schools, Richmond Center Mall, parks, library, Aquatic Centre & Skytrain. Pet friendly but no dogs allowed. Call to book your private showing! FIRST OPEN HOUSE SUN, MAY 24 2PM TO 4PM

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I just finished uploading this Condo for sale, 703 8180 LANSDOWNE Road, Richmond, British Columbia

PRADO - Luxury CONCRETE building quality built by BOSA. You will love the location & size of this fabulous upper floor CORNER unit - rarely available. Very private, no suite above! Conveniently across from Lansdowne mall and just steps to the Canada line and Kwantlen University. This spacious 1185 SF 2 bdrm & den PLUS 2 full bath shows beautifully! Great bdrm separation w/ lots of storage! High-end finishings including s/s appl, granite counters & laminate flooring. Covered patio w/ NW exposure facing the inner garden. Superb amenities: Gym, Sauna, Club House, Guest Suite & Concierge Service. 2 parking stalls & storage locker. Balance of 2-5-10 warranty. If you want an elegant yet convenient lifestyle, this is the one! FIRST OPEN HOUSE SUN, MAY 10TH 2-4PM

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I just finished uploading this Townhouse for sale, 63 22000 SHARPE Ave, Richmond, British Columbia

RICHMOND MEWS - You will LOVE this fabulous 2 bed & den, CORNER unit townhome beautifully updated & tastefully decorated. This immaculate, move in ready home is bright & spacious with many great features including 9 ft ceilings, California shutters, LOTS of windows, laminate flooring, 2 decks on the main floor & cozy gas fireplace. New quartz counters, tile backsplash & floors & S/S appl in the kitchen. Large NW facing balcony off the kitchen - perfect for summer BBQs & entertaining! New W/D & carpets upstairs. 2 parking spots - single garage PLUS large covered carport. Well managed complex: rainscreened & new roof. Conveniently located close to McLean Park, schools, shopping, Walmart & Starlight Casino. OPEN HOUSE SAT MAY 9 2-4P

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May 4, 2015

Home buyer demand outpacing supply across the Metro Vancouver housing market

Strong home buyer demand coupled with below average home listing activity has created seller's market conditions within the Metro Vancouver* housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver reached 4,179 on the Multiple Listing Service® (MLS®) in April 2015. This represents a 37 per cent increase compared to the 3,050 sales recorded in April 2014, and a 2.9 per cent increase compared to the 4,060 sales in March 2015.

Last month’s sales were 29.3 per cent above the 10-year sales average for the month.

“The supply of homes for sale today in the region is not meeting the demand we're seeing from home buyers. This is putting upward pressure on prices, particularly in the detached home market," Darcy McLeod, REBGV president said.

New listings for detached, attached and apartment properties in Metro Vancouver totalled 5,897 in April. This represents a 0.9 per cent decrease compared to the 5,950 new listings reported in April 2014.

The total number of properties currently listed for sale on the region’s MLS® is 12,436, a 19.8 per cent decline compared to April 2014 and an increase of 0.5 per cent compared to March 2015.

“It’s a competitive and fast-moving market today that is tilted in favour of home sellers. To be competitive, it’s important to connect with a local REALTOR® who can help you develop a strategy to meet your home buying or selling needs,” McLeod said. 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $673,000. This represents an 8.5 per cent increase compared to April 2014.

The sales-to-active-listings ratio in April was 33.6 per cent. This is the highest that this ratio has been in Metro Vancouver since June 2007.

Sales of detached properties in April 2015 reached 1,815, an increase of 35.9 per cent from the 1,336 detached sales recorded in April 2014, and a 70.6 per cent increase from the 1,064 units sold in April 2013. The benchmark price for a detached property in Metro Vancouver increased 12.5 per cent from April 2014 to $1,078,900.

Sales of apartment properties reached 1,579 in April 2015, an increase of 34.7 per cent compared to the 1,172 sales in April 2014, and an increase of 50.1 per cent compared to the 1,052 sales in April 2013. The benchmark price of an apartment property increased 4.4 per cent from April 2014 to $394,200.

Attached property sales in April 2015 totalled 785, an increase of 44.8 per cent compared to the 542 sales in April 2014, and a 53.6 per cent increase from the 511 attached properties sold in April 2013. The benchmark price of an attached unit increased 5.7 per cent between April 2014 and 2015 to $493,300.

*Note: Areas covered by Real Estate Board of Greater Vancouver include: Whistler, Sunshine Coast, Squamish, West Vancouver, North Vancouver, Vancouver, Burnaby, New Westminster, Richmond, Port Moody, Port Coquitlam, Coquitlam, New Westminster, Pitt Meadows, Maple Ridge, and South Delta.

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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), 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 REBGV, 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 REBGV, the FVREB or the CADREB.