Blog › February 2016

Recently Sold Listing 306 - 9188 Cook Road, Richmond, BC


R2033306 - 306 - 9188 Cook Road, Richmond, BC, CANADAI have just recently sold this listing at 306 - 9188 Cook Road, Richmond.

New Listing 310 - 6168 London Road, Richmond, BC


R2040012 - 310 - 6168 London Road, Richmond, BC, CANADAView my new listing for sale SOLD at 310 - 6168 London Road, Richmond and currently listed at $679,900.SOLD

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). This unit has it all. Call today for your private site tour.

New Listing 318 - 6168 London Road, Richmond, BC


R2040345 - 318 - 6168 London Road, Richmond, BC, CANADAView my new listing for sale SOLD at 318 - 6168 London Road, Richmond and currently listed at $469,900.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-FRl FROM 9AM-5PM & SAT-SUN 12PM-4PM at 12235 No I Rd, Richmond. Closed during Statutory Holidays.

New Listing 11191 Cutter Place, Richmond, BC


R2035311 - 11191 Cutter Place, Richmond, BC, CANADAView my new listing for sale SOLD at 11191 Cutter Place, Richmond and currently listed at $1,089,000.SOLD

This terrific STEVESTON SOUTH family home with WESTERN exposed back yard offers 4 bedrooms and 2 full bathrooms. The cozy, quaint, and well maintained home offers many updates, including windows, flooring, paint, baseboards, crown molding and much more. Highly desirable school catchment areas of Westwind Elementary and McMath Secondary (Homma Elementary for French Immersion). This quiet cul-de-sac location is just a short walk to Steveston Village and its amenities; shopping, restaurants and the waterfront. Call today to view this home!

See the Pixilink 360° Virtual Tour for this listing

Recently Sold Listing 216 - 5700 Andrews Road, Richmond, BC


R2025689 - 216 - 5700 Andrews Road, Richmond, BC, CANADAI have just recently sold this listing at 216 - 5700 Andrews Road, Richmond.

Recently Sold Listing 216 - 6168 London Road, Richmond, BC


R2018622 - 216 - 6168 London Road, Richmond, BC, CANADAI have just recently sold this listing at 216 - 6168 London Road, Richmond.

Recently Sold Listing 153 - 6168 London Road, Richmond, BC


R2027493 - 153 - 6168 London Road, Richmond, BC, CANADAI have just recently sold this listing at 153 - 6168 London Road, Richmond.

Recently Sold Listing 201 - 14100 Riverport Way, Richmond, BC


R2025199 - 201 - 14100 Riverport Way, Richmond, BC, CANADAI have just recently sold this listing at 201 - 14100 Riverport Way, Richmond.

Recently Sold Listing 114 - 8880 No 1 Road, Richmond, BC


R2032409 - 114 - 8880 No 1 Road, Richmond, BC, CANADAI have just recently sold this listing at 114 - 8880 No 1 Road, Richmond.

New Listing 306 - 9188 Cook Road, Richmond, BC


R2033306 - 306 - 9188 Cook Road, Richmond, BC, CANADAView my new listing for sale SOLD at 306 - 9188 Cook Road, Richmond and currently listed at $447,800.SOLD

RESIDENCE ON A PARK – This well thought out open concept 2 bedroom, 2 full bathroom CORNER unit home in nearly 930 SF is centrally located and offers terrific amounts of natural light and access to an above street-level outdoor green-space/courtyard. The home offers granite counters, floor to ceiling windows well separated bedrooms. This great location offers you quick access to transit, Canada Line, Richmond Center shopping and schools. Call today for your opportunity to view this home!

See the Pixilink 360° Virtual Tour for this listing

New Listing 114 - 8880 No 1 Road, Richmond, BC


R2032409 - 114 - 8880 No 1 Road, Richmond, BC, CANADAView my new listing for sale SOLD at 114 - 8880 No 1 Road, Richmond and currently listed at $229,900.SOLD

Apple Greene – this spacious and clean home with 2 bedrooms and 1.5 bathrooms is spread out in nearly 950 SF with an additional 106 SF of open SOUTHERN exposed balcony space. Features include hardwood flooring and baseboards. The monthly maintenance includes heat, hot water and the City utility charges. The ideal location of this strata building offers you quick access to transit, secondary and elementary schools and grocery shopping. Call today for your chance to view this great home!

Home buyer competition keeps home sellers in the driver’s seat


February 2, 2016

Home buyer competition keeps home sellers in the driver’s seat

Home buyer activity remains at near record levels across the Metro Vancouver housing market.

Residential property sales in Greater Vancouver totalled 2,519 in January 2016, an increase of 31.7 per cent from the 1,913 sales recorded in January 2015 and a 10.9 per cent decline compared to December 2015 when 2,827 home sales occurred.

Last month’s sales were 46 per cent above the 10-year sales average for the month and rank as the second highest January on record.

“Fundamental economics are driving today’s market. Home buyer demand is at near record heights and home seller supply is as low as we’ve seen in many years,” Darcy McLeod, REBGV president said.

New listings for detached, attached and apartment properties in Greater Vancouver totalled 4,442 in January 2016. This represents a 6.2 per cent decline compared to the 4,737 units listed in January 2015 and a 119.8 per cent increase compared to December 2015 when 2,021 properties were listed.

“The MLS® is the most powerful real estate marketing system in the country. If you’re thinking of selling, it’s important to talk with your REALTOR® about putting your home on the MLS® system to ensure your property gets maximum exposure,” McLeod said.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 6,635, a 38.6 per cent decline compared to January 2015 (10,811) and a 10.1 per cent increase compared to December 2015 (6,024).

The sales-to-active listings ratio for January 2016 is 38 per cent. This is indicative of a seller’s market.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark, while home prices often experience upward pressure when it reaches the 20 to 22 per cent range in a particular community for a sustained period of time.

Sales of detached properties in January 2016 reached 1,047, an increase of 34.1 per cent from the 781 detached sales recorded in January 2015. The benchmark price for detached properties increased 27.9 per cent from January 2015 to $1,293,700.

Sales of apartment properties reached 1,096 in January 2016, an increase of 35.5 per cent compared to the 809 sales in January 2015.The benchmark price of an apartment property increased 19.4 per cent from January 2015 to $456,600.

Attached property sales in January 2016 totalled 376, an increase of 16.4 per cent compared to the 323 sales in January 2015. The benchmark price of an attached unit increased 16.4 per cent from January 2015 to $563,700.