I just sold this Townhouse at #17 11391 7TH AVENUE, Steveston Village, Richmond, BC Steveston Village.

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I just sold this Condo at #1403 210 SALTER STREET, Queensborough, New Westminster, BC Queensborough.

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I just finished uploading this Condo for sale, 214 4500 WESTWATER DRIVE, Steveston South, Richmond, BC

It’s your chance to live in COPPER SKY WEST – one of Steveston’s most desirable buildings! This bright and tastefully renovated 2 bdm, 2 bath PLUS den unit is move in ready. With southeast views of the Fraser River, this home is spread out over 1100sf with 9ft ceilings! Enjoy these views from your massive covered patio. Features updated laminated & tile floors, granite counters in kitchen & baths, fresh paint, stainless steel appl. & much more! This fabulous unit also has a spacious master bdrm with walk in closet, in-suite storage & laundry room, 2 parking spots + storage locker. Pro-active strata, great amenities including well equipped party room & well-maintained gym. Steps from the Steveston Boardwalk and only minutes away from Steveston Village and amenities! OPEN Apr 14/15 2-4pm

The stats from the Real Estate Board of Greater Vancouver have just been released for March. We saw less demand from buyers and fewer homes listed for sale in our region in the first quarter of the year. Some factors affecting the home buyer and seller activity are due to high prices, new tax announcements, rising interest rates, and stricter mortgage requirements. Please take a read below and let me know if you have any questions, I look forward to helping you!

VANCOUVER, BC – April 4, 2018 – Home buyers and sellers were less active in Metro Vancouver throughout the first quarter of 2018.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,517 in March 2018, a 29.7 per cent decrease from the 3,579 sales recorded in March 2017, and a 14 per cent increase compared to February 2018 when 2,207 homes sold.

Last month’s sales were 23 per cent below the 10-year March sales average.

There were 6,542 home sales on the Multiple Listing Service® (MLS®) in Metro Vancouver during the first quarter of 2018, a 13.1 per cent decrease from the 7,527 sales over the same period last year. This represents the region’s lowest first-quarter sales total since 2013.

“We saw less demand from buyers and fewer homes listed for sale in our region in the first quarter of the year,” Phil Moore, REBGV president said. “High prices, new tax announcements, rising interest rates, and stricter mortgage requirements are among the factors affecting home buyer and seller activity today.”

There were 4,450 detached, attached and apartment properties newly listed for sale in Metro Vancouver in March 2018. This represents a 6.6 per cent decrease compared to the 4,762 homes listed in March 2017 and a 5.4 per cent increase compared to February 2018 when 4,223 homes were listed.

There were 12,469 homes listed for sale in Metro Vancouver during the first quarter of 2018, a 0.8 per cent decrease from the 12,568 sales over the same period last year. This represents the region’s lowest first-quarter new listings total since 2013.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 8,380, a 10.5 per cent increase compared to March 2017 (7,586) and a 7.1 per cent increase compared to February 2018 (7,822).

“Even with lower demand, upward pressure on prices will continue as long as the supply of homes for sale remains low,” Moore said. “Last month was the quietest March for new home listings since 2009 and the total inventory, particularly in the condo and townhome segments, of homes for sale remains well below historical norms.”

For all property types, the sales-to-active listings ratio for March 2018 is 30 per cent. By property type, the ratio is 14.2 per cent for detached homes, 39.9 per cent for townhomes, and 61.6 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.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,084,000. This represents a 16.1 per cent increase over March 2017 and a 1.1 per cent increase compared to February 2018.

Sales of detached properties in March 2018 reached 722, a decrease of 37 per cent from the 1,150 detached sales recorded in March 2017. The benchmark price for detached properties is $1,608,500. This represents a 7.4 per cent increase from March 2017 and a 0.4 per cent increase compared to February 2018.

Sales of apartment properties reached 1,349 in March 2018, a decrease of 26.7 per cent compared to the 1,841 sales in March 2017. The benchmark price of an apartment property is $693,500. This represents a 26.2 per cent increase from March 2017 and a 1.6 per cent increase compared to February 2018.

Attached property sales in March 2018 totalled 446, a decrease of 24.1 per cent compared to the 588 sales in March 2017. The benchmark price of an attached unit is $835,300. This represents a 17.7 per cent increase from March 2017 and a two per cent increase compared to February 2018.

I just finished uploading this Condo for sale, 155 6168 LONDON ROAD, Steveston South, Richmond, BC

Embrace your surroundings at The Pier! Exposed wood accents, open floor plan, large lofted bdrm, 16'11ft vaulted ceilings, A/C & heating (Geo-exchange), this 892SQFT LOFT unit is jaw dropping. Wake up and admire river views from your 2nd floor balcony. Kitchen aid s/s appl. appoint this functional kitchen w/ gas stove & paneled fridge. Entertaining has never been better as you walk through huge folding glass doors onto your massive private patio w/ water & BBQ hook-up! Set right next to the Fraser River marvel at breathtaking dyke trails, river views, farmland & mountain vistas which make London Landing such a desirable location! Steps from beloved Steveston village, shops, schools & restaurants this unit has everything you need! Open Mar 24/25 2-4p

I just sold this Condo at #1303 928 HOMER STREET, Yaletown, Vancouver West, BC Yaletown.

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I just sold this House at 3980 Regent Street, Steveston Village, Richmond, BC Steveston Village.

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I just sold this Condo at 413 4211 BAYVIEW STREET, Steveston South, Richmond, BC Steveston South.

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I just sold this House at 4431 CARTER DRIVE, West Cambie, Richmond, BC West Cambie.

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I just finished uploading this Townhouse for sale, 14 10271 STEVESTON HIGHWAY, McNair, Richmond, BC

This desirably located 2 BDRM + 1.5 BATH Townhouse at Edgemere Gardens is waiting for you! Perfect for growing families with over 1100SF this two-storey home features a spacious & bright living & dining room, updated bathroom on 2nd floor and loads of in-suite storage! 2 ENORMOUS bdrms upstairs with a generous sized walk-in closet in the Master. Entertain friends & family in your sunny south facing private fenced yard & enjoy the strata’s many amenities including outdoor pool, basketball courts & park. This well looked after complex has updated roofs and recently replaced windows & sliding doors. Steps from Transit and only minutes away from Ironwood shopping mall, restaurants, South Arm Rec Centre and parks. School catchment is Thomas Kidd/Mcnair. OPEN HOUSE Feb 17/18 2-4pm. Don't miss th

I just finished uploading this Condo for sale, 319 933 SEYMOUR STREET, Downtown VW, Vancouver West, BC

Looking for LOFT living? This is the one! THE SPOT – sought after building right in the heart of downtown Vancouver! Great investment or first home! OPEN CONCEPT - 2 levels w/ 16 ft floor to ceiling windows & concrete floors! Main features a full bath, kitchen w/ gas stove (1 yr old d/w), spacious living room & den + flex space above the den. Upstairs you'll find a good sized bdrm w/ walk-in closet & laundry. Amenities: a gym + 4 patios (one 360 degree rooftop deck w/ amazing views of the mountains, city & false creek) & communal brand new BBQ.SUPERB LOCATION! Walking distance to everything - restaurants, transit, Yaletown, Robson, Granville entertainment district & much more. Pets & rentals allowed. Don’t miss this opportunity!.

The stats from the Real Estate Board of Greater Vancouver have just been released for December. Market activity differed considerably this year based on property type. Competition was intense in the condo and townhome markets, with multiple offer situations becoming commonplace. The detached home market operated in a more balanced state, giving home buyers more selection to choose from and more time to make decisions. After reaching record levels in 2015 and 2016, Metro Vancouver home sales returned to more historically normal levels in 2017. Home listings, on the other hand, came in several thousand units below typical activity.