For ease of reference, the bracketed numbers represent last week's stats.

This last 7 days from June 22-29 (as of Saturday morning), there were 83(76) price changes in Richmond of which all but 5 (3) were price reductions. The average price reduction was $36,949($44,943) or 4% (4%). Apartment price declines were on average by $23,997($22,807) or 4%(4%), while SFD declines averaged $48,791($67, ...

222-7531 Minoru Blvd: I've just reduced the price on this beautiful 2 BR condo near the city centre to $309,800.  This is a must see property if you want to just move in without doing a thing.  Unique open kitchen concept with great light and view to pool area.  Please check out: http://www.shuchatgroup.com/ActiveListings.php/Details/116/222-7531-minoru-blvd-richmond-british-columbia ...

Here is a quick look at what turned out to be a great real estate week.  It looks like sellers weren't taking any chances of letting offers slip by and the absorption rates for the week are a great sign for sellers.  I mentioned last week that the uptick in mortgage rates would cause a short-term buyer appetite to complete deals to confirm rate holds that were now of short life span, and we c ...

The information contained herein has been derived from reported listings in the Vancouver West and East selling areas.

The bracketed numbers represent last week's stats from this same report.

Below is this week's chart of the largest price declines (those over 5%) for Vancouver homes for sale. In the last week ending Saturday morning at 7:49 am, there were 177 (149) price changes of which 168 ( ...

For ease of reference, the bracketed numbers represent last week's stats.

This last 7 days from June 14-21 (as of Friday morning), there were 76(73) price changes in Richmond of which all but 3 (3) were price reductions. The average price reduction was $44,943($28,972) or 4% (4%). Apartment price declines were on average by $22,807($15,088) or 5%(4%), while SFD declines averaged $67,792 ($45,3 ...

Located on a beautiful cul-de-sac in the desirable Westwind neighbourhood, this meticulously maintained home with 4 bedrooms, games room and main floor den with a built-in work station has been tastefully updated with quality finishes insid e & out. Spacious living and dining area with crown mouldings, gourmet kitchen with granite counters, stainless appliances, open family room with built-in ...

Below I have charted a similar 14 day period from April 4-18 to the last 14 days ending June 20 of this year to see how the frequency distribution of sold units compares in these two periods.

A few years ago, I remember getting something in the mail from another realtor claiming "over 100 units sold so far this year...." and for sure as I recall, it was well before June.  I haven't heard from ...

US Federal Reserve Announcement - June 20, 2013

Following the US Federal Reserve Open Market Committee's two day meeting, Fed Chair Ben Bernanke surprised markets by suggesting that bond purchases under the Fed's quantitative easing program could be tapered as early as this fall and perhaps eliminated midway through 2014. The market reaction was immediate and dramatic with equity prices tumb ...

Here are the Top 10 cheapest townhouses in West Richmond (W of No 3 Rd)
 
 

Address	Selling Area	List Price	ADOM	BR	Bth	Sq Ft	Yr Blt	Fee	Bylaw Restr	Bylaw Restr_2
# 105 8120 COLONIAL DR	Boyd Park	208,800	8	1	1	644	1977	189	PETN	RENY
# 102 8160 COLONIAL DR	Boyd Park	229,000	6	2	1	727	1976	166.35	PETR	RENY
# 21 ...

Here are the top 10 cheapest homes for sale and listed in Richmond, west of No 3 Rd.
 

Address Selling Area List Price List Date ADOM BR Bth Sq Ft Yr Blt Frontage 8280 COLONIAL DR Boyd 718,000 01/18/2013 153 2 1 1304 1977 40 6471 CONSTABLE DR Woodwards 745,000 04/14/2013 67 3 3 198 ...