I just sold this Condo at #1203 1483 HOMER STREET, Yaletown, Vancouver West, BC Yaletown.

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I just sold this Townhouse at #44 9111 NO 5 ROAD, Ironwood, Richmond, BC Ironwood.

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I just sold this House at 3800 RICHMOND STREET, Steveston Village, Richmond, BC Steveston Village.

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I just sold this House at 11491 PLOVER DRIVE, Westwind, Richmond, BC Westwind.

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I just finished uploading this Condo for sale, 808 6233 KATSURA STREET, McLennan North, Richmond, BC

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

I just finished uploading this Condo for sale, 703 5233 GILBERT ROAD, Brighouse, Richmond, BC

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

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.

I just finished uploading this Condo for sale, 207 3755 CHATHAM STREET, Steveston Village, Richmond, BC

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.

I just finished uploading this Condo for sale, 214 12088 3RD AVENUE, Steveston Village, Richmond, BC

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.

I just finished uploading this Townhouse for sale, 46 4991 NO 5 ROAD, East Cambie, Richmond, BC

Welcome home to Wembley, this three bedroom, three bathroom townhome with 1,345 square feet is located in a convenient central Richmond location. This unique floor plan features 3 bedrooms on the upper level, a spacious main-floor living area, and a private den on the ground floor with patio access. Built for a modern mindset, Wembley offers an unbeatable combination of spacious, family-friendly floor plans, sleek interior design, geothermal heating and cooling for year-round comfort, and Club Wembley, the community’s amenity centre. Wembley is located within a kilometer of a high school, elementary school, shopping and some of Richmond’s best parks.

 More Supply and Less Demand Seen Across Metro Vancouver Housing Market

VANCOUVER, BC – October 2, 2018 – The supply of homes for sale continued to increase across the Metro Vancouver* housing market in September while home buyer demand remained below typical levels for this time of year.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 1,595 in September 2018, a 43.5 per cent decrease from the 2,821 sales recorded in September 2017, and a 17.3 per cent decrease compared to August 2018 when 1,929 homes sold.

Last month’s sales were 36.1 per cent below the 10-year September sales average.

“Fewer home sales are allowing listings to accumulate and prices to ease across the Metro Vancouver housing market,” Ashley Smith, REBGV president-elect said. “There’s more selection for home buyers to choose from today. Since spring, home listing totals have risen to levels we haven’t seen in our market in four years.”

There were 5,279 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in September 2018. This represents a 1.8 per cent decrease compared to the 5,375 homes listed in September 2017 and a 36 per cent increase compared to August 2018 when 3,881 homes were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 13,084, a 38.2 per cent increase compared to September 2017 (9,466) and a 10.7 per cent increase compared to August 2018 (11,824).

For all property types, the sales-to-active listings ratio for September 2018 is 12.2 per cent. By property type, the ratio is 7.8 per cent for detached homes, 14 per cent for townhomes, and 17.6 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.

“Metro Vancouver’s housing market has changed pace compared to the last few years. Our townhome and apartment markets are sitting in balanced market territory and our detached home market remains in a clear buyers’ market,” Smith said. “It’s important for both home buyers and sellers to work with their Realtor to understand what these trends means to them.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,070,600. This represents a 2.2 per cent increase over September 2017 and a 3.1 per cent decrease over the last three months.

Sales of detached properties in September 2018 reached 508, a 40.4 per cent decrease from the 852 detached sales recorded in September 2017. The benchmark price for detached properties is $1,540,900. This represents a 4.5 per cent decrease from September 2017 and a 3.4 per cent decrease over the last three months.

Sales of apartment properties reached 812 in September 2018, a 44 per cent decrease compared to the 1,451 sales in September 2017. The benchmark price of an apartment property is $687,300. This represents a 7.4 per cent increase from September 2017 and a 3.1 per cent decrease over the last three months.

Attached property sales in September 2018 totalled 275, a 46.9 per cent decrease compared to the 518 sales in September 2017. The benchmark price of an attached unit is $837,600. This represents a 6.4 per cent increase from September 2017 and a two per cent decrease over the last three months.

We are proud to announce that this Sep 23rd, 2:00 PM to 4:00 PM we will be hosting an Open House at 5638 WALLACE STREET in the Dunbar neighborhood, Vancouver West. This is an opportunity to visit this excellent House for sale in beautiful Dunbar.

Please come with any questions you may have. In the meantime you can take a virtual tour of this Dunbar House 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