We are proud to announce that this Sep 24th-25th, 2:00 PM to 4:00 PM we will be hosting an Open House at 8 11291 7TH AVENUE in the Steveston Village neighborhood, Richmond. This is an opportunity to visit this excellent Townhouse for sale in beautiful Steveston Village.
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.
CHIC & STYLISH 1 bdrm condo w/ a VIEW! Conveniently located in the heart of Steveston Village! Immaculate, featuring 9 ft ceilings, upgraded workspace area, open concept living & dining room w/ laminate floors & newer light fixtures. Spacious & bright w/ floor to ceiling windows & covered balcony w/ views of the North Shore mountains & Steveston Park! Gourmet kitchen w/ granite counters, s/s appl, gas stove & LOTS of cabinetry. Fabulous walk-thru closet (w/ customized organizers) to the cheater ensuite w/ soaker tub. Superb amenities: HUGE gym, media & party room, library & Guest Suites. Rentals & pets allowed & onsite manager. Perfect for investors, first time homebuyer or downsizer. Steps to Steveston Community Center, library, transit, boardwalk, shops & restaurants!
OPEN HOUSE this weekend Sept 24/25 from 2-4pm. Do miss this one! Call Alisa Sakamoto 604-644-1044 for more info!
FIRST OPEN HOUSE Saturday/Sunday Sep 17th & 18th 2-4PM 8 11291 7th Avenue, Richmond
We are proud to announce that we will be hosting an Open House at 8 11291 7TH AVENUE in the Steveston Village neighborhood, Richmond on both Saturday & Sunday Sep 17th & 18th between 2:00 PM and 4:00 PM.
This is an opportunity to visit this excellent Townhouse for sale in beautiful Steveston Village.
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.
Live the STEVESTON LIFESTYLE in this RARE DETACHED 3 bed (family room can be 4th bed), 3 FULL bath END unit in MARINERS VILLAGE. This must see property is bright & spacious at almost 2000 SF! Features 2 ENOURMOUS patios – sunny western exposed front patio (perfect for BBQ’s & family/friend gatherings) & eastern exposed fully fenced in back deck. Unbeatable location just steps to the dyke, Garry Point Park & The Village.
This unit shows beautifully - FULLY RENOVATED! Main features a large entertainment sized kitchen w/ S/S appl & granite counters, LOADS of storage inside & out & separate laundry room. Spacious dining & living room w/ vaulted ceilings, customized storage unit & cozy gas f/p. Includes newer windows, doors & skylights! The perfect FAMILY HOME you won’t want to miss!
A pantry is the ideal nook for storing extra food and other items ordinarily crammed into the kitchen. It’s also a nice design feature, as it harkens back to the days of country kitchens with spacious pantries. You might be thinking, “That’s nice, but our home doesn’t have a pantry.” That’s okay. These days, there are many ways to create a pantry in your home – even if it doesn’t have one!
Here are just a few suggestions:
• Add shelves to the laundry room. If you have the space, this is the ideal place to create a mini-pantry.
• Purchase a portable pantry. There are many available on the market. Some are even disguised as cabinets you’d expect to see in living and dining rooms.
• Purchase a movable pantry. These units are on wheels and can slide in and out of the kitchen with ease. Some are short enough to slide conveniently under a kitchen table.
• Make use of an unused closet. These are rare in most homes, but if you have a closet that isn’t being used, it can easily be converted into a pantry.
As you can see, there are plenty of options available. You don’t necessarily need to build an extra room! Call Alisa Sakamoto 604.644.1044
Metro Vancouver home sales return to typical August levels
VANCOUVER, BC – September 2, 2016 – For the second straight month, home buyer demand in Metro Vancouver* moved off of the record-breaking pace seen earlier this year and returned to more typical levels.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Metro Vancouver totalled 2,489 in August 2016, a decline of 26 per cent compared to the 3,362 sales in August 2015; 10.2 per cent less than the 2,771 sales in August 2014; and one per cent less than the 2,514 sales in August 2013. August 2016 sales also represent a 22.8 per cent decline compared to last month’s sales.
From a historical perspective, last month’s sales were 3.5 per cent below the 10-year sales average for the month.
“The record-breaking sales we saw earlier this year were replaced by more historically normal activity throughout July and August,” Dan Morrison, REBGV president said. "Sales have been trending downward in Metro Vancouver for a few months. The new foreign buyer tax appears to have added to this trend by reducing foreign buyer activity and causing some uncertainty amongst local home buyers and sellers.
“It’ll take some months before we can really understand the impact of the new tax. We'll be interested to see the government's next round of foreign buyer data."
New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,293 in August 2016. This represents an increase of 0.3 per cent compared to the 4,281 units listed in August 2015 and an 18.1 per cent decrease compared to July 2016 when 5,241 properties were listed.
The total number of properties currently listed for sale on the MLS® in Metro Vancouver is 8,506, a 21.9 per cent decline compared to August 2015 (10,897) and a 1.9 per cent increase from July 2016 (8,351).
The sales-to-active listings ratio for August 2016 is 29.3 per cent. This is indicative of a seller’s market.
Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark, while home prices often experience upward pressure when it reaches the 20 to 22 per cent range in a particular community for a sustained period.
The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $933,100. This represents a 31.4 per cent increase compared to August 2015 and a 4.9 per cent increase over the last three months.
“In aggregate, we continue to see an imbalance between supply and demand in most communities. However, we’re also seeing fewer detached sales in the highest price points and fewer detached home sales relative to all residential sales,” Morrison said. “This is causing average sale prices to show a decline in recent months, while benchmark home prices remain virtually unchanged from July.”
The average price is the simplest home price measure to explain but is not the most accurate since it may be skewed by the mix of properties. More high-end or low-end sales will skew the number up or down. Based on the Consumer Price Index, MLS HPI® benchmark prices are a more reliable and stable indicator of typical home prices across regions over time.
Sales of detached properties in August 2016 reached 715, a decrease of 44.6 per cent from the 1,290 detached sales recorded in August 2015. The benchmark price for detached properties increased 35.8 per cent from August 2015 to $1,577,300. This represents a 4.2 per cent increase over the last three months.
Sales of apartment properties reached 1,343 in August 2016, a decrease of 10.1 per cent compared to the 1,494 sales in August 2015.The benchmark price of an apartment property increased 26.9 per cent from August 2015 to $514,300. This represents a 6.1 per cent increase over the last three months.
Attached property sales in August 2016 totalled 431, a decrease of 25.4 per cent compared to the 578 sales in August 2015. The benchmark price of an attached home increased 31.1 per cent from August 2015 to $677,600. This represents a 7.1 per cent increase over the last three months.
When it Comes to Offers, it’s Not Always about Price
When considering which of two or more competing offers to accept for your home, there is no doubt price plays a huge role. After all, if Offer #1 is $10,000 higher than Offer #2, that’s an enticing difference that puts thousands of extra dollars in your pocket.
However, price isn’t the only thing you should think about when comparing multiple offers. There are other factors you need to consider as well.
For example, what conditions are in the offer? If Offer #1 is conditional upon the seller selling his current property for a specific amount, then what if that doesn’t happen? You could end up with an offer that dies and be forced to list your home all over again.
In that circumstance, accepting the lower offer may be your best move.
There’s also financing to consider. Most sellers will attach a certificate from their mortgage lender to show that they can afford the home and will likely secure financing with little difficulty. If you get an offer where the ability of the seller to get financing is in doubt, that’s a red flag.
The closing date is another important factor. Offer #1 might propose a closing date that’s perfect for you, while Offer #2 is four weeks later. If you’ve already purchased another home, you might require a month of bridge financing if you accept Offer #2. There’s nothing wrong with that per se, but the costs and additional hassle are factors you should consider.
As you can see, assessing competing offers isn’t as easy as it looks. Fortunately, as your REALTOR®, I will guide you toward making the right decision. Call Alisa Sakamoto today at 604.644.1044
INVESTOR or FIRST TIME HOME BUYER ALERT! Lansdowne Square â Spacious 948 SF 2 bedroom condo located in a convenient & central location - walk to the Canada Line, shopping mall, restaurants & Kwantlen! Upgraded with laminate, engineered hardwood flooring & tile. Entertainment sized living room which opens onto a nice west facing covered balcony â good for year round enjoyment. 2 good sized bedrooms. BONUS: large in-suite storage room! Building is getting re-piped â seller to pay. Fantastic outdoor pool! Rentals & pets allowed. 1 secured parking spot + lots of visitor parking. You will love the location, condition & superb layout! Don't miss out on this, call to book your private showing.
MOVE IN READY PENTHOUSE located in a quiet & sought-after neighbourhood in the Westside of Richmond. FULLY UPGRADED with BRAND NEW kitchen & bathroom, carpet, paint, s/s appl, counters, cupboards, bath tub, tiles & light fixtures. Living room has vaulted ceilings facing the green space. Terrific covered balcony â perfect for BBQâs & year round enjoyment. Bdrm has 2 large closets â TONS of storage space! BONUS: in-suite storage room. Next to Thompson Community Center, sports facilities & Burnett School. Mins from the Dyke & golf course. Maint fee includes city utilities. Well maintained building with newer roof, carpets, exterior paint, boiler, building envelope water management system redone & updated laundry facilities. Perfect for first time buyers or investors! Rentals & pets allowed.
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.