Bob Sethi, B.Comm | 604.273.2828

 
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JADE, 24 unique townhomes in Richmond's highly desirable McLennan North district, features the largest new townhomes available in Richmond. Just minutes away from schools, shopping, Sky train, and everything else you could possibly need. Standard finishes include radiant floor heating; sleek quartz countertops; Samsung/Maytag S/S Kitchen appliances with gas range & French-door fridge; durable wood laminate floors; porcelain tiles; Whirlpool front load washer and dryer; natural gas BBQ outlet; B.1. security system; B.1. fire-resistant safe. Phase I ready for occupancy. Jade discovery centre open everyday from 12pm-5pm (Except Friday). Come view our brand new furnished 3-bedrooms + den and I bedroom Garden Suites displays!
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I have listed a new property at 8 9691 ALBERTA RD in Richmond.
Tien Sher Homes' JADE offers the LARGEST CUSTOMIZABLE NEW HOMES in Richmond's central North McLennan neighborhood. SPACIOUS 1,800 sf, 3-bdrm plus den layout with 2-car side-by-side garage can be upgraded to a-bdrm plus den! An impressive list of STANDARD FINISHES await you including: sleek Quartz counters; 5-pc Samsung S/S Kitchen appliances w/GAS range & French-door refrigerator; durable wood laminate main floors; Whirlpool front-load clothes washer & dryer; natural GAS BBQ outlet in outdoor deck/balcony areas; B.l. security; plus B.l. fire-resistant safe for your valuables. Ask us how to add your personal touch with CUSTOMIZABLE FINISHES AND LAYOUTS! Call or come VIEW TWO FURNISHED SHOW HOMES TODAY!
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I have listed a new property at 19 9691 ALBERTA RD in Richmond.
JADE, 24 unique townhomes in Richmond's highly desirable McLennan North district, features the largest new townhomes available in Richmond. Just minutes away from schools, shopping, Skytrain, and everything else you could possibly need. Standard finishes include radiant floor heating; sleek quartz countertops; Samsung/Maytag SS Kitchen appliances with gas range & French-door fridge; durable wood laminate floors; porcelain tiles; Whirlpool front load washer and dryer; natural gas BBQ outlet; B.I. security system; B.I. fire-resistant safe. Phase 1 ready for occupancy. Jade discovery centre open everyday from 12pm-5pm (Except Friday). Come view our brand new furnished 3-bedrooms + den and 1 bedroom Garden Suites displays!
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I have listed a new property at 12 9691 ALBERTA RD in Richmond.
JADE, 24 unique townhomes in Richmond's highly desirable McLennan North district, features the largest new townhomes available in Richmond. Just minutes away from schools, shopping, Skytrain, and everything else you could possibly need. Standard finishes include radiant floor heating; sleek quartz countertops; Samsung/Maytag SS Kitchen appliances with gas range & French-door fridge; durable wood laminate floors; porcelain tiles; Whirlpool front load washer and dryer; natural gas BBQ outlet; B.I. security system; B.I. fire-resistant safe. Phase 1 ready for occupancy. Jade discovery centre open everyday from 12pm-5pm (Except Friday). Come view our brand new furnished 3-bedrooms + den and 1 bedroom Garden Suites displays!
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Home buyer demand increases across Greater Vancouver housing market

An increase in home buyer demand put Greater Vancouver in the upper reaches of a balanced real estate market in May.

 

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 3,286 on the Multiple Listing Service® (MLS®) in May 2014. This represents a 14 per cent increase compared to the 2,882 sales recorded in May 2013, and a 7.7 per cent increase compared to the 3,050 sales in April 2014.

 

Last month’s sales were 6.5 per cent below the 10-year sales average for May of 3,514.

 

The sales-to-active-listings ratio currently sits at 20.4 per cent in Greater Vancouver, which is the first time that this measure has been above 20 per cent since June 2011.

 

“Our MLS® statistics tell us that there’s more home buyer demand today than at any point over the last three years,” Ray Harris, REBGV president said. “With sales surpassing the 3,000 mark in May and our sales-to-active-listing ratio exceeding 20 per cent, this is the most active marketplace we’ve seen since the spring of 2011,”

 

New listings for detached, attached and apartment properties in Greater Vancouver totalled 5,936 in May. This represents a 5 per cent increase compared to the 5,656 new listings in May 2013 and a 0.2 per cent decline from the 5,950 new listings in April. Last month’s new listing count was 2 per cent below the region’s 10-year new listing average for the month.

 

The total number of properties currently listed for sale on the MLS® system in Greater Vancouver is 16,072, a 6.7 per cent decline compared to May 2013 and a 3.6 per cent increase compared to April 2014.

 

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $624,000. This represents a 4.3 per cent increase compared to May 2013.

 

“Home prices have experienced consistent yet modest increases in our region since the beginning of 2013,” Harris said.

 

Sales of detached properties in May 2014 reached 1,453, an increase of 19.9 per cent from the 1,212 detached sales recorded in May 2013, and a 23.1 per cent increase from the 1,180 units sold in May 2012. The benchmark price for detached properties increased 5.4 per cent from May 2013 to $966,500.

 

Sales of apartment properties reached 1,286 in May 2014, an increase of 13.2 per cent compared to the 1,136 sales in May 2013, and an 11.2 per cent increase compared to the 1,156 sales in May 2012. The benchmark price of an apartment property increased 3.2 per cent from May 2013 to $377,500.

 

Attached property sales in May 2014 totalled 547, a 2.4 per cent increase compared to the 534 sales in May 2013, and a 5.8 per cent increase over the 517 attached properties sold in May 2012. The benchmark price of an attached unit increased 3.1 per cent between May 2013 and 2014 to $469,100.

 

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Bob Sethi, B.Comm
Office:604.273.2828
Fax:604.273.0685
RE/MAX Westcoast
#110-6086 Russ Baker Way
Richmond, BC
V7B 1B4 Canada

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