< Previous

Richmond Real Estate Market Report

April 25th, 2013
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 ...

Biggest Price Declines on Homes For Sale in Richmond

April 24th, 2013

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 ...

Biggest Prices Declines on Homes for Sale in Vancouver

April 24th, 2013
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 ...

Craziest DIY Home Renovation Picture Ever

April 20th, 2013
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 ...

Interest Rate Outlook 2013

April 19th, 2013

Consumer Price Inflation - April 19, 2013

Canadian consumer prices rose just 1 per cent in the 12 months to March, a slight deceleration from 1.2 per cent in February. The dip in inflation was primarily the result of lower gasoline prices, though inflation was broadly weak across all CPI components. Core inflation, which strips out the most volatile components of the CPI, such as ...

Richmond Home Sales by Price & Area-Report

April 18th, 2013
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 ...

Bigger New Home Discounts Coming?

April 17th, 2013
Price Bracket #of Properties  #sold last 30 days  % of those listed
  <$700,000 9 1 11
  $701-800k 42 5 12
  $801-900k 73 3
$901-1000k 88 2
$1001-1100k 57 0
$1101-1200k 58 3 5
  $1201-1300k 50 3 6
  $1301-1400k 49 0 0
  $1401-1500k 36 0
$1501-1600k 42 2 5
  $1601-1700k 39 1 3
  $1701-1800k ...

5171 CLIFTON Road, Richmond, British Columbia

April 16th, 2013

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 ...

5513 MAPLE Road, Richmond, British Columbia

April 16th, 2013

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 ...

5111 FRANCIS Road, Richmond, British Columbia

April 16th, 2013

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 ...

< Previous