Blog › November 2014

Recently Sold Listing 3639 Bearcroft Drive, Richmond, British Columbia


V1094182 - 3639 Bearcroft Drive, Richmond, British Columbia, CANADAI have just recently sold this listing at 3639 Bearcroft Drive, Richmond.

New Listing 3639 Bearcroft Drive, Richmond, British Columbia


V1094182 - 3639 Bearcroft Drive, Richmond, British Columbia, CANADAView my new listing for sale SOLD at 3639 Bearcroft Drive, Richmond and currently listed at $849,000.SOLD

This elegant modern home has been extensively renovated three years ago which surpasses the highest expectation with a level of quality that is suitable for the most discerning purchaser.  Nothing to do here but to move-in and enjoy! Brand new energy efficient hot water on demand, double glazed windows with new frames, recessed pot lighting, engineered flooring, crown moldings and four-inch flat profile baseboards throughout the home. Bright open floor plan leaves no wasted space.  Gourmet kitchen equipped with full size integrated Miele appliances, wine cooler, wall oven, wall steamer, powerful Wolfe hood fan and polished glass tile backsplash.  Huge breakfast bar with large square undermount sink and disposal.  Appliances include 6 year warranty. Family room has glass doors that opens up onto sunny west facing backyard that is fully fenced with incredible space for entertaining friends and family.  Oversized covered sundeck runs almost entire width of the home - perfect for those summer BBQ. All doors and window are completed with screens and retractable screens for patio doors. Well utilize space in laundry room, plenty of storage room with floor-to-ceiling cabinets and full size front load washer/dryer. Top floor features two generous size bedroom and two full baths.  Spa-bath features heated ceramic floors tile, an exquisite floating vanity is softly lit from below.  Square edge undermount sinks are fixtured with a sleek polished chrome single-lever faucet, seamless glass walk-in shower with square rain shower head and tile base. All of these features PLUS this home is situated on a quiet street directly across from Albert Airey Park.  Don't miss this opportunity....it is one of kind and must see to be appreciated.

Metro Vancouver home sales above average in October


Home sales in the Metro Vancouver* housing market continue to outpace long-term averages for this time of year.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver reached 3,057 on the Multiple Listing Service® (MLS®) in October 2014. This represents a 14.9 per cent increase compared to the 2,661 sales in October 2013, and a 4.6 per cent increase over the 2,922 sales in September 2014.
 
Last month’s sales were 16.6 per cent above the 10-year sales average for October.

“We’ve seen strong and consistent demand from home buyers in Metro Vancouver throughout this year. This has led to steady increases in home prices of between four and eight per cent depending on the property,” said REBGV president Ray Harris.

New listings for detached, attached and apartment properties in Metro Vancouver totalled 4,487 in October. This represents a four per cent increase compared to the 4,315 new listings in October 2013 and a 14.7 per cent decline from the 5,259 new listings in September.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 13,851, a 9.2 per cent decline compared to October 2013 and a 6.6 per cent decrease compared to September 2014.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $637,000. This represents a six per cent increase compared to October 2013.

“Detached homes continue to increase in price more than condominium and townhome properties. This is largely a function of supply and demand as the supply of condominium and townhome properties are more abundant than detached homes in our region,” Harris said. 

Sales of detached properties in October 2014 reached 1,271, an increase of 19.1 per cent from the 1,067 detached sales recorded in October 2013, and a 60.9 per cent increase from the 790 units sold in October 2012. The benchmark price for detached properties increased 7.9 per cent from October 2013 to $995,100.

Sales of apartment properties reached 1,268 in October 2014, an increase of 15.5 per cent compared to the 1,098 sales in October 2013, and a 57.9 per cent increase compared to the 803 sales in October 2012. The benchmark price of an apartment property increased four per cent from October 2013 to $380,200.

Attached property sales in October 2014 totalled 518, a 4.4 per cent increase compared to the 496 sales in October 2013, and an 53.3 per cent increase over the 338 attached properties sold in October 2012. The benchmark price of an attached unit increased 4.7 per cent between October 2013 and 2014 to $479,500.