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May 2, 2014

Spring buyers and sellers emerge in the Greater Vancouver housing market

Home buyers and sellers became more active in the Greater Vancouver housing market in April.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 3,050 on the Multiple Listing Service® (MLS®) in April 2014. This represents a 16.1 per cent increase compared to the 2,627 sales recorded in April 2013, and a 15.5 per cent increase compared to the 2,641 sales in March 2014.

Last month’s sales were 5.2 per cent below the 10-year sales average for April of 3,217.

The sales-to-active-listings ratio currently sits at 19.7 per cent in Greater Vancouver, which is the highest this measure has been since June 2011.

“We saw steady increases in home seller and buyer activity in April, which is typically the case in the spring months,” Ray Harris, REBGV president said. “People often look to buy or sell their home this time of year as the school year draws to a close and the summer holiday season is still a few months away,” Harris said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,950 in April. This represents a 1.3 per cent increase compared to the 5,876 new listings in April 2013 and a 12.7 per cent increase from the 5,281 new listings in March. Last month’s new listing count was 1.2 per cent higher than the region’s 10-year new listing average for the month.

The total number of properties currently listed for sale on the MLS® system in Greater Vancouver is 15,515, a 7.3 per cent decline compared to April 2013 and a 7.2 per cent increase compared to March 2014.

“Home prices in the region continue to show steady, yet modest, increases when compared to last year,” Harris said.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $619,000. This represents a 3.6 per cent increase compared to April 2013.

Sales of detached properties in April 2014 reached 1,336, an increase of 25.6 per cent from the 1,064 detached sales recorded in April 2013, and an 18.7 per cent increase from the 1,126 units sold in April 2012. The benchmark price for detached properties increased 4.7 per cent from April 2013 to $956,700

Sales of apartment properties reached 1,172 in April 2014, an increase of 11.4 per cent compared to the 1,052 sales in April 2013, and a 1.5 per cent decline compared to the 1,190 sales in April 2012. The benchmark price of an apartment property increased 2.6 per cent from April 2013 to $375,500.

Attached property sales in April 2014 totalled 542, a 6.1 per cent increase compared to the 511 sales in April 2013, and a 12.2 per cent increase over the 483 attached properties sold in April 2012. The benchmark price of an attached unit increased two per cent between April 2013 and 2014 to $464,400. 

Download the complete stats package by clicking here. 
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OPEN HOUSE Saturday and Sunday, May 24 & 25th from 12:00pm -4:o0pm 

Pier logo
THE PIER, Steveston South
SALES CENTRE @ 12235 No. 1 Road, Richmond

Come visit me at our sales centre and learn more about The Pier at London Landing!


pier

The Pier at London Landing: A unique waterfront development on the South shore of the Fraser river. Two buildings house 76 unique centerpiece homes featuring open concept floor plans, spacious living areas, entertainment style kitchens/ dining areas, and many enjoy double garages and direct-access, semi-private elevators. Marvel at the spectacular river, farmland and mountain vistas from generous terraces and balconies with BBQ hook-ups and year-round climate comfort indoors thanks to centralized air conditioning and heating (Geo-exchange). Discovery Centre open 1pm-5pm Mon-Fri & 12pm-4pm Sat-Sun at 12235 No 1 Rd.

Please come with any questions you may have. As always please do not hesitate to give me a call at 604.644.1044.

Thanks!


Alisa Sakamoto

RE/MAX Westcoast 

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JUST LISTED in Brighouse South
#128 5600 Andrews Road, Richmond
JUST LISTED in Steveston South
***OPEN HOUSE: SUNDAY, MAY 25, 2014 2PM TO 4PM ***

I just finished uploading this House for sale, 4755 Dunfell Road, Richmond

 

4755 Dunfell

One of a kind standout in Steveston's beloved "Duns" neighbourhood: This 3-bedroom, 4-bathroom home is contemporary masterpiece with low-maintenance steel siding, frosted glass & metal garage door, handsome cedar accents & commercial-grade metal glazing on entrance windows. Side entrance features Whistler-inspired garden w/water feature & a "living" cedar wall. Inside, 9' ceilings, modern design, fixtures & large windows keep space bright & liveable. Rooftop patio, media rm wired for surround sound, hanging garden chairs, & beautifully-fenced private backyard will make entertaining a breeze, indoors or out. Details include massive closets w/built-in organizers in each rm, XL laundry rm w/separate entrance, & storage. Call today.


 

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Congratulations to my Buyer: Shane!

PH5

JUST SOLD May 20th!  PH5 7371 Westminster Hwy, Richmond
PENTHOUSE! Lotus is where you want to be. Richmond General Hospital & Minoru Park next door. The best city shopping in Richmond Centre, only steps away. School & colleges, parks & playgrounds, cafes & designer boutiques. By car or by transit, its to get around. The new Canada Line connects you to downtown Vancouver & Airport in minutes. Great amenities/features: fitness ctre, lap pool & spa, fireside lounge, big screen media ctre & meeting room. Tranquil landscape of water feats, reflecting pools, & zen gardens, energy efficient Geothermal A/C for year round comfort, smart home technology: live in the Lower Mainland's most technologically residence. Comes with 2 side by side parking & 1 locker.

View this recently sold Condo or see all my home sales

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Congratulations to my Sellers!

3811 Garry

JUST SOLD May 2nd!  3811 Garry Street, Richmond
Custom-built modern home in the heart of Steveston with three bedrooms (each with their own ensuite), and four full bathrooms: this is a funky twist on the family home. Great curb appeal, huge windows, designer appliances, flooring and colour schemes coupled with excellent separation of space all contribute to the "wow!" factor radiating from this stunner. All this just steps to the Dyke trail and historic village with its specialty shops, restaurants, and spas, McMath and Lord Byng schools, and of course Steveston Village's beloved community centre with its water park, playground, library, pool and outdoor recreation facilities.
 

View this recently sold House or see all my home sales

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JUST LISTED in Brighouse South
#128 5600 Andrews Road, Richmond
JUST LISTED in Steveston South
***BE THE FIRST TO VIEW!
FIRST OPEN HOUSE: SUNDAY, MAY 25, 2014 2PM TO 4PM ***

I just finished uploading this Condo for sale, 401 5500 Andrews Road, RICHMOND, BC

 

401 5500 Andrews kitchen

Wow! Come home to Steveston's SOUTHWATER - Gorgeous 995 SF CORNER unit: 2 bed + DEN, 2 FULL bath PLUS 2 parking spots! This renovated PENTHOUSE is in show home condition. Features 10 ft ceilings, new blinds, granite counters, s/s appl, pot pot lights and tile/laminate flooring. Includes in-suite laundry & cozy gas fireplace. Relax on your fully covered deck for year round enjoyment w/ SPECTACULAR views of the North Shore Mountains! Well managed complex with gym, bike room, lounge, guest suite & onsite caretaker. What more could you ask for? Sought after location - stroll, run or bike along the community walkway to the waterfront boardwalk and the village with its quaint shops + restaurants. Pet friendly! Call now to view!
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Congratulations to my Buyers: Emilie and Aki!

Brunswick sign

JUST SOLD March 25th!  21 12438 Brunswick Place, Richmond
Brunswick Gardens - This house sized townhome is spread out over 3 levels and offers flexibility in living space with 3 or 4 bedrooms as well as 3 1/2 bathrooms. The bright kitchen with skylight is spacious enough to have a breakfast table and pantry storage. The open concept living and dining room offer space for entertaining while upper levels of the home offer space for offices or space to accommodate children's play areas. The ideal location of this family oriented townhouse complex gives you access to terrific schools (T Homma Elementary and McMath Secondary) as well as the Steveston Lifestyle. Be close to everything! 

View this recently sold Townhouse or see all my home sales

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FUN THINGS TO DO WITH THE WHOLE FAMILY!

Looking for something to do? Check out this list of RE/MAX participation and/or Sponsorship Events around the Lower Mainland! 
 

RICHMOND UPCOMING EVENTS

 Richmond Days of Summer Events including:

    1. Steveston Salmon Festival Parade Float – July 1st - 
    2. Ships to Shore – June 29th to July 1st – a string of sailing vessels tied to shore and open for your inspection and participation FOR FREE as part of the festival 
    3. Fifth Annual SOS Children’s Village Walk/Run – May 25 – Olympic Oval
    4. 55th Annual South Arm United Church Country Fair – September 15th – 21st – on the       parking lot of the United Church at No. 3 Road and Steveston Hwy 
    5. Richmond Relay for Life – June 14th – Richmond Oval
    6. Steveston Maritime Festival – August 8-10th  

       


      ADDITIONAL UPCOMING Events for 2014 (Lower Mainland)

      1.  Vancouver Transplant Trot held at Burnaby Lake Fields When: Sun April 13th 2014
      2. Spring Fling – June 14th 2014 – Hilton Vancouver Metrotown
      3. Maple Ridge Home Show Family Fun Fest at the Fairgrounds - Fri May 2 – Sun May 4th 2014
      4. Ladner May Days held at Memorial Park - Fri May 23 – Sun May 25th 2014
      5. Hyack International Parade – May 24th – 6th Street New Westminster + Hyack Festival
      6. SF Child Development Walk and Roll held at Beer Creek Park in Surrey - Sun June 1st 2014
      7. Langley Community Day held in Douglas Park - Sat June 21st 2014
      8. Pitt Meadows Day at Harris Rd Park - Sat June 7th 2014
      9. Marpole Days – June 7th – 990 West 59th, Vancouver
      10. Ladner Bandfest held at Memorial Park - Sat June 7 - Sun June 8th 2014
      11. 24 hour Relay – June 13 – 15 2014 - Swangard Stadium
      12. Envision Bandstand Birthday – June 14th 2014 – Memorial Peace Park
      13. Canadian Cancer Society Relay for Life – June 20th 2014 – McLeod Park, Langley
      14. Walnut Grove Family Day – June 21th 2014 - WGSS Park – Langley
      15. Hillcrest Community Summer Festival – June 22, 2014 – Nat Baily Stadium
      16. Golden Spike Days at Rocky Point Park in Port Moody - June 27 – July 2nd 2014 
      17. Canada Day held at the Delta Museum - July 1st 2014
      18. Maple Ridge Canada Day held at Memorial Peace Park -Tues July 1st 2014
      19. Caribbean Festival held at Memorial Peace Park in Maple Ridge -Sat July 12 – Sun July 13th 2014
      20. Boundary Bay Airshow at the Boundary Bay Airport - Sat July 19th 2014
      21. North Fraser Airshow at the Pitt Meadows Airport - Sun July 20th 2014
      22. MR/PM Country Fair held at the Maple Ridge Fairgrounds -Sat July 26th to Sun July 27th 2014
      23. White Rock Sea Festival – August 1st – 3rd – White Rock beach in Semiahmoo
      24. Tsawwassen Sunfest at Winskill Park - Mon Aug 4th 2014
      25. National Bank Easter Seals Regatta at the Royal Vancouver Yacht Club - Sat Aug 9th 2014
      26. Getifest – September 30th, 2014 – Memorial Peace Park
      27. Ridge Meadows River Days held at 24959 Alouette Rd - Mon Sept 29th 2014
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      As tax time approaches a reminder to all first time buyer; you may have a Tax credit available to you!

      You can claim an amount of $5,000 for the purchase of a qualifying home acquired in 2013, if both of the following apply:

      • you or your spouse or common-law partner acquired a qualifying home; and
      • you did not live in another home owned by you or your spouse or common-law partner in the year of acquisition or in any of the four preceding years (first-time home buyer).
      • Single family; strata; mobiles they all qualify.
      • Sample program applies for purchases to which assists those with disabilities.


        Watch the video -         First-time home buyers' tax credit    

      Source:  http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns360-390/369/menu-eng.html

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      OPEN HOUSE Sunday, April 6th from 12:00pm -4:o0pm 

      Pier logo
      THE PIER, Steveston South
      SALES CENTRE @ 12235 No. 1 Road, Richmond

      Come visit me at our sales centre and learn more about The Pier at London Landing!


      pier

      The Pier at London Landing: A unique waterfront development on the South shore of the Fraser river. Two buildings house 76 unique centerpiece homes featuring open concept floor plans, spacious living areas, entertainment style kitchens/ dining areas, and many enjoy double garages and direct-access, semi-private elevators. Marvel at the spectacular river, farmland and mountain vistas from generous terraces and balconies with BBQ hook-ups and year-round climate comfort indoors thanks to centralized air conditioning and heating (Geo-exchange). Discovery Centre open 1pm-5pm Mon-Fri & 12pm-4pm Sat-Sun at 12235 No 1 Rd.

      Please come with any questions you may have. As always please do not hesitate to give me a call at 604.644.1044.

      Thanks!


      Alisa Sakamoto

      RE/MAX Westcoast 

      Read

      Posted on by

      April 2, 2014

      Home sale and listing activity continue to chart a steady path for the region’s housing market
       

      March home sales in Greater Vancouver outpaced last year’s total yet lagged the region’s historical average for the month.
       

      The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 2,641 on the Multiple Listing Service® (MLS®) in March 2014. This represents a 12.5 per cent increase compared to the 2,347 sales recorded in March 2013, and a 4.4 per cent increase compared to the 2,530 sales in February 2014.
       

      Last month’s sales were 17.2 per cent below the 10-year sales average for March of 3,190.
       

      The sales-to-active-listings ratio currently sits at 18.2 per cent in Greater Vancouver, which is unchanged from last month.
       

      “We continue to see steady and stable market conditions across the Greater Vancouver housing market,” said Ray Harris, REBGV president. “There has been a consistent balance between home seller supply and home buyer demand in our marketplace over the last year.” 
       

      New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,281 in March. This represents a 9.1 per cent increase compared to the 4,839 new listings in March 2013 and a 12.4 per cent increase from the 4,700 new listings in February. Last month’s new listing count was 5.9 per cent below the region’s 10-year new listing average for the month.
       

      The total number of properties currently listed for sale on the Greater Vancouver MLS® is 14,472, a 6.4 per cent decline compared to March 2013 and a 7.9 per cent increase compared to February 2014.
       

      “Home prices in the region have experienced incremental gains in most areas and property types over the last 12 months,” Harris said. “It’s important to remember that this is a diverse marketplace and trends will vary depending on area and property type.”
       

      The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $615,200. This represents a 3.7 per cent increase compared to March 2013.
       

      Sales of detached properties in March 2014 reached 1,116, an increase of 19.6 per cent from the 933 detached sales recorded in March 2013, and a 5.7 per cent decrease from the 1,183 units sold in March 2012. The benchmark price for detached properties increased 4.2 per cent from March 2013 to $945,400.
       

      Sales of apartment properties reached 1,106 in March 2014, an increase of 12.6 per cent compared to the 982 sales in March 2013, and a 7.1 per cent decline compared to the 1,191 sales in March 2012. The benchmark price of an apartment property increased 3.8 per cent from March 2013 to $375,800.
       

      Attached property sales in March 2014 totalled 419, a 3 per cent decline compared to the 432 sales in March 2013, and a 16.2 per cent decline from the 500 attached properties sold in March 2012. The benchmark price of an attached unit increased 1.3 per cent between March 2013 and 2014 to $460,100. 

       
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