Market Observations

I'm not going to put up charts for this analysis.  I'm just going to share a few observations.

Primarily in Richmond, most people who bought in the last 3 years are technically under water.  What I mean is that they are for sure going to be unable to sell their property for more than they purchased it; they are definitely likely to have a selling price net of commissions yi ...

The following are the largest price declines in Richmond over the last 8 days among all property types, having a price decline of at least 5%. The average price decline was 4% from among the 81 price changes.  There were 4 price increases in all.

Address LP Prev LP Change % Change Tot BR Dwell Yr Blt 7171 WILLIAMS RD 1,300,000 1,480,000 ...

Here are the largest price declines over 5% in the Vancouver market (i.e. East Vancouver and Vancouver West) over the last 8 days.

Address	LP	Prev LP	Change	% Change	Tot BR	Dwell	Yr Blt	Age
3294 WELLINGTON AV	998,000	1,390,000	392,000	28	5	HOUSE	9999	999
3060 SW MARINE DR	1,999,998	2,388,000	388,002	16	4	HOUSE	2012	1
# 20 ...

This is from my archives.  I had to share it.  It is the craziest thing I have ever seen done as a do it yourself renovation.  In order to have a nice flush electric garage door installation, this chump completely cut through the main joist beam of his whole upstairs to insert the electric unit!  This is just one illustration as to why someone needs to do a home inspection prior to purchasing ...

Here is a frequency distribution for home sales in Richmond by price range over the last 14 days. Unit sales represent the number of units sold between the price on the row up until the next price level. Of the 156 properties sold, only 26 or 16.7% fetched over $1,000k. The largest category of sales was between $500-600k at 28 units.  Below, I will summarize the sales by neighbourhood for the ...

This custom designed home is centrally located in prestigious West Richmond. Extremely spacious with 4397 SF on two levels. High ceiling foyer with granite flooring throughout. 2 huge master bedrooms with deluxe ensuite. Total 6 bedrooms plus den & 6 bathrooms. Wok kitchen, 2 sets of stairs, great backyard, crown mouldings...Motivated Sellers!

Check out all of the details of this House for ...

Prestige Maple Road area. Charles London Secondary School Catchment. Walking distance to Jessie Elementary School & famous Richmond Christian School. Beautifully designed home with imported Italian tiles & accents. Built with finest quality . Designer's colour & classic cabinets. Elegant custom wainscotting all throughout. High ceiling at living & dining area. A/C, HRV & radiant heat gives ma ...

VERY quiet and Like new home with all luxurious finishing you expect, spacious living and with1 bedroom rental suite . Many luxurious features including high coffered ceilings, engineered hardwood floors, all granite countertops, maple kitchen w/ island, stainless steel appliances, wok kitchen, radiant heat on both floors, air conditioning, built-in vacuum, electric gate, stone exterior, aut ...