I just sold this House at 11151 WILLIAMS ROAD, Ironwood, Richmond, BC Ironwood.

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I just finished uploading this Townhouse for sale, 50 6833 LIVINGSTONE PLACE, Granville, Richmond, BC

GRANVILLE PARK - this 3 bdrm, 2.5 bath CORNER unit is a wonderful place to call home. Completely gutted & upgraded from top to bottom in 2016 (over $90K worth of improvements)! Beautiful new kitchen with s/s appl, quartz counters, tile b/s & a stylish wood feature wall in the eating nook. New hot water tank, w/d, luxury rain shower in the ensuite bath, new flooring throughout, lighting, fresh paint, crown mouldings, built in vacuum & cozy gas f/p..this home has it all! Tandem 2 car garage w/ extra storage. Conveniently located just steps to Minoru Park with the new aquatic centre, shopping, Richmond Centre Mall, transit, Canada line, library, schools (Richmond & Blundell), restaurants & much more! Well managed complex w/ low strata fees. The perfect family home! Open March 30 & 31 2-4pm

I just finished uploading this Condo for sale, 317 8231 GRANVILLE AVENUE, Brighouse, Richmond, BC

"Dolphin Place" ,Central location I Bedroom suite on the top floor in well maintained building.Facing South East,quiet courtyard.Building re-piping was done in 2006,full warrantied rainscreen technology,newer roof,newer balcony,deck and railing,patio door and window.Interior finishing including laminate floor,designer paint,S/S appliances,bathroom wall tiles,electric fireplace in livingroom and light fixtures.Wal.king distance to Canada Line,Richmond Centre.Rentals allowed.Call for appt.FULLY RAINSCREENED BUILDING!!!!

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

VANCOUVER, BC – March 4, 2019 – The Metro Vancouver housing market saw increased supply from home sellers and below average demand from home buyers in February.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 1,484 in February 2019, a 32.8 per cent decrease from the 2,207 sales recorded in February 2018, and a 34.5 per cent increase from the 1,103 homes sold in January 2019.

Last month’s sales were 42.5 per cent below the 10-year February sales average.

“For much of the past four years, we’ve been in a sellers’ market. Conditions have shifted over the last 12 months to favour buyers, particularly in the detached home market,” Phil Moore, REBGV president said. “This means that home buyers face less competition today, have more selection to choose from and more time to make their decisions.”

There were 3,892 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in February 2019. This represents a 7.8 per cent decrease compared to the 4,223 homes listed in February 2018 and a 19.7 per cent decrease compared to the 4,848 homes listed in January 2019.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 11,590, a 48.2 per cent increase compared to February 2018 (7,822) and a 7.2 per cent increase compared to January 2019 (10,808).

For all property types, the sales-to-active listings ratio for February 2019 is 12.8 per cent.

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.

“Homes priced well for today’s market are attracting interest, however, buyers are choosing to take a wait-and-see approach for the time being,” Moore said. “REALTORS® continue to experience more traffic at open houses. We’ll see if this trend leads to increased sales activity during the spring market.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,016,600. This represents a 6.1 per cent decrease over February 2018, a 6.2 per cent decrease over the past six months, and a 0.3 per cent decrease compared to January 2019.

Sales of detached homes in February 2019 reached 448, a 27.9 per decrease cent from the 621 detached sales recorded in February 2018. The benchmark price for detached properties is $1,443,100. This represents a 9.7 per cent decrease from February 2018, a 7.6 per cent decrease over the past six months, and a 0.7 per cent decrease compared to January 2019.

Sales of apartment homes reached 759 in February 2019, a 35.9 per cent decrease compared to the 1,185 sales in February 2018. The benchmark price of an apartment property is $660,300. This represents a four per cent decrease from February 2018, a 5.1 per cent decrease over the past six months, and a 0.3 per cent increase compared to January 2019.

Attached home sales in February 2019 totalled 277, a 30.9 per cent decrease compared to the 401 sales in February 2018. The benchmark price of an attached unit is $789,300. This represents a 3.3 per cent decrease from February 2018, a 6.7 per cent decrease over the past six months, and a 1.4 per cent decrease compared to January 2019.

Click here to download the complete stats package.

I just finished uploading this Condo for sale, 205 4955 RIVER ROAD, Neilsen Grove, Ladner, BC

SHOREWALK – Enjoy WATERFRONT living right in the heart of historic Ladner Village! This spacious 2 bdrm + den (a door makes it a 3rd bdrm) CORNER unit has a large covered deck overlooking the Fraser River. Quiet, peaceful location walking distance to the Village with its many shops & restaurants. Entertaining is a breeze in this rancher suite featuring open concept dining & living room with cozy gas fireplace & HUGE southwest facing deck – perfect for BBQs! A fresh air cross breeze is also appreciated due to your own exterior entrance on the 2nd floor. Separate laundry/storage room, 2 PARKING + locker. At almost 1500sf this home is great for families or downsizers and can accommodate "house sized" furniture. Well-managed & maintained building. Pets welcome! Wheelchair access.

I just sold this House at 3960 Regent Street, Steveston Village, Richmond, BC Steveston Village.

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I just sold this Condo at #105 5115 Cambie Street, CAMBIE, Vancouver, BC CAMBIE.

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I just finished uploading this Townhouse for sale, 1601 4900 FRANCIS ROAD, Boyd Park, Richmond, BC

COUNTRYSIDE ESTATES – popular & well managed complex located in West Richmond! This 3 bdrm END UNIT is bright & spacious with extra windows and offers a private West facing fenced yard which backs onto green space. Plenty of patio space for those who like to entertain! Upgrades: eon decking, crown moulding & baseboards, newer washer/dryer, upstairs bath with rain shower & radiant in-floor heat, California closet organizers + double glazed windows on lower level. Features a cozy wood burning fireplace, HUGE walk-in closet off the master, TONS of storage & an easily accessible attic. 2 parking spots right in front! Great rec centre with large outdoor pool. Roof & Gutters (2013). Close to Railway Bike Path, golf, shopping, transit & Hugh Boyd. The PERFECT family home! Open Feb 17 2-4pm

We are proud to announce that this Feb 17th, 2:00 PM to 4:00 PM we will be hosting an Open House at 1601 4900 FRANCIS ROAD in Countryside in the Boyd Park neighborhood, Richmond. This is an opportunity to visit this excellent Townhouse for sale in beautiful Boyd Park.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Boyd Park Townhouse 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.

Alisa Sakamoto
REALTOR® RE/MAX WESTCOAST

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.

Alisa Sakamoto
REALTOR® RE/MAX WESTCOAST

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.

Click here to download the complete stats package.

I just sold this Condo at #522 5399 CEDARBRIDGE WAY, Brighouse, Richmond, BC Brighouse.

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