Blog › April 2015

New Listing 319 - 6168 London Road, Richmond, BC


V1118836 - 319 - 6168 London Road, Richmond, BC, CANADAView my new listing for sale SOLD at 319 - 6168 London Road, Richmond and currently listed at $409,900.SOLD

READY IN FALL 2015! 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 Center OPEN MON-FRI FROM 1PM-5PM & SAT-SUN 12PM-4PM at 12235 No 1 Rd, Richmond. Closed during Statutory Holidays.

New Listing 3191 Pleasant Street, Richmond, BC


V1117271 - 3191 Pleasant Street, Richmond, BC, CANADAView my new listing for sale at 3191 Pleasant Street, Richmond and currently listed at $1,980,000.

Beautiful custom built house in trendy Steveston, close to water & Fisherman's Wharf. This lovely home sits on a huge South West corner lot with inground sprinklers, koi pond & patio heaters & private garden. Also features 5 bedrooms (including 2 masters), 5 baths, air conditioning, HRV, state of part sound system, top of the line appliances, infloor heated garage with counter bar fridge & sink.

HOT! HOT! HOT! Marketplace in Steveston!!! SELLERS MARKET!


Take a look at these sell through rates for the Steveston Village, Steveston South and Steveston North areas of Richmond.  The market is proving to be a SELLERS market with HUGE increases in values.  The detached marketplace is smoking HOT right now with over 60% sell through rates in each of the sub areas.

 

Detached Homes          Inventory      Sales          Sales Ratio %

detached home sell through march 2015

 

 

Attacched Homes          Inventory      Sales          Sales Ratio %

attached sell through rate steveston march 2015

 

If you are interested in the value of your home in todays HOT marketplace please reach out to us at RE/MAX Westcoast - Steveston Real Estate.

 



Metro Vancouver home buyers out in force in March


April 2, 2015

Metro Vancouver home buyers out in force in March

Demand continued to rise across Metro Vancouver's housing market in March.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 4,060 on the Multiple Listing Service® (MLS®) in March 2015. This represents a 53.7 per cent increase compared to the 2,641 sales recorded in March 2014, and a 32.6 per cent increase compared to the 3,061 sales in February 2015.

Last month’s sales were 26.8 per cent above the 10-year sales average for the month.

"We're seeing strong competition amongst home buyers today. This is leading to more multiple offer situations and some upward pressure on home prices,” Darcy McLeod, REBGV president said. “For sellers, this means that it's taking less time, on average, for your home to sell if you have it priced correctly for today's market."
   
New listings for detached, attached and apartment properties in Metro Vancouver totalled 5,968 in March. This represents a 13 per cent increase compared to the 5,281 new listings reported in March 2014.
   
Last month’s new listing count was 4.7 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 REBGV MLS® is 12,376, a 14.5 per cent decline compared to March 2014 and a 4 per cent increase compared to February 2015.

“The number of homes for sale today is below what’s typical for this time of year,” McLeod said. “If you’ve been considering putting your property on the market, these market conditions indicate that now may be a good time to list.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $660,700. This represents a 7.2 per cent increase compared to March 2014.

The sales-to-active-listings ratio in March was 32.8 per cent. This is the highest that this ratio has been in Metro Vancouver since July 2007.

Sales of detached properties in March 2015 reached 1,711, an increase of 53.3 per cent from the 1,116 detached sales recorded in March 2014, and an 83.4 per cent increase from the 933 units sold in March 2013. The benchmark price for a detached property in Metro Vancouver increased 11.2 per cent from March 2014 to $1,052,800.

Sales of apartment properties reached 1,627 in March 2015, an increase of 47.1 per cent compared to the 1,106 sales in March 2014, and an increase of 65.7 per cent compared to the 982 sales in March 2013. The benchmark price of an apartment property increased 3.3 per cent from March 2014 to $390,200.

Attached property sales in March 2015 totalled 722, an increase of 72.3 per cent compared to the 419 sales in March 2014, and a 67.1 per cent increase from the 432 attached properties sold in March 2013. The benchmark price of an attached unit increased 4.9 per cent between March 2014 and 2015 to $484,900.