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Richmond Real Estate

February 25th, 2013
In the past week, there have been 144 new property listings, 59 price changes and 74 sales.
Of the 59 price changes, only 2 were price increases, the rest being decreases.  The chart below shows this last weeks price changes in order of magnitude by property address for the 15 largest changes.  These selling numbers will likely appear more favourable as the sales from the weekend are posted ov ...

1117 11871 Horseshoe Way, Richmond, BC

February 21st, 2013

I just sold this Commercial at 1117 11871 Horseshoe Way, Richmond, BC Gilmore.

View this recently sold Commercial or see all my home sales

A Bad Inspection Report

February 21st, 2013
A BAD INSPECTION REPORT

This is why I send every listing Realtor a copy of a negative inspection report on a property, where my buyer elects not to remove subject conditions. It puts the listing Realtor on notice and requires him to ensure disclosure of issues or defects or suffer the consequences of a potential damage claim from the next buyer who acutally completes.

When a buyer ...

Richmond Real Estate Market Report

February 19th, 2013
In the last 7 days in Richmond, there have been 189 new property listings and 67 sales.  This 35% sales to new listings ratio is a much healthier absorption rate than what I have reported on in previous postings to this blog over the past 6 months. However, as can be seen by the last table at the bottom of this post, viewed against the total market inventory, the rebalancing task is going to ...

30% off? 9251 EVANCIO Crescent, Richmond, British Columbia

February 15th, 2013

Just across the street from this new listing, a similar home on an irregularly shaped lot sold for $1,300,000 in 13 days in March 2011.  They were asking $990,000 at the time.  This new listing is asking $988,000.  If you want to know what has happened in our neighbourhood over the last 2 years, simply keep your eyes posted on this listing. To get a better idea as to this comparison, please c ...

Richmond Real Estate Market Report: Price Pressure By Area

February 14th, 2013
Today I am going to briefly examine another metric I use in negotiation, but on a macro level.  There has been a great deal of discussion in blogs and forums around the issue of the seller's requirement to sell.  "Sure, the property is listed, but they don't really need to sell," has been bandied about for the last few months.  

Well I am going to go out on a limb here and suggest that for mo ...

Price Declines on Richmond Property For Sale

February 12th, 2013
Over the last week, there were 45 price reductions on listed property for sale, on a daily basis, slightly down from the 111 price reductions for the 2 weeks preceeding last weeks summary.

There are 898 (up from 846 last week) single family homes for sale, 1156 attached properties including townhouses and apartments, 29 listings for land only and 7 listings for mullti-family property for a tot ...

For Sale: 1% of Richmond-$55,000,000

February 12th, 2013
A large rectangular parcel of land comprised of 10 legal titles totaling 324.5 acres with 800 feet of waterfront is now listed for sale. Seems like a steal at $169,491/acre.  The trouble is, the land is in the Agricultural Land Reserve and therefore the development options are quite limited. Development applications have a checkered past here and the property will quite likely be a long term ...

3390 The Crescent-Almost 40% off!

February 11th, 2013

$12,000,000 discount?! Almost 40% off the first listing price for this property.  Owner now looks to be amenable to getting close to netting the 2010 price he purchased it for!  Call this a $12,000,000 psychological hit just since it was first listed at the end of september in 2012.
Location! In the heart of the 1st Shaughnessy! Rare find 10,516 sf Mansion sets on over One acre in the city's m ...

403 5779 BIRNEY Ave, Vancouver West, British Columbia

February 7th, 2013

I just sold this Condo at 403 5779 BIRNEY Ave, Vancouver West, British Columbia University VW.

View this recently sold Condo or see all my home sales

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