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Westcoast Condominium
Tradition would have us believe that property sales slow as summer approaches. That wasn’t the case in Richmond or South Delta last month. Richmond saw a close to 13 per cent increase in sales month over month, while the picture was even rosier for sellers in Ladner and Tsawwassen where sales were up more than 31 per cent.
It’s a bit of a different story though when you compare May 2016 sales with those from May 2015. In Richmond, this year’s stats are 46 per cent higher; whereas South Delta actually saw a 24 per cent drop.
Steveston
Condo hunters love Steveston and its quaint village vibe. There are less than 20 active listings beginning at $260,000 for a two-bedroom in Bayside Court. If the sky’s the limit, there’s a two-bedroom in London Station that may have your name on it. The asking price? $1,198,000.
Our sales information shows three out of sixteen Steveston condo sales in May went for under asking, while six went for list price, and the balance went for more than list. One two-bedroom home in London Station sold for one per cent under its $575,000 mark. The highest over-asking offer was received by the owners of a two-bedroom in The Village at Imperial Landing. Asking $838,800, they accepted $908,000 after six days.
Beach Grove
There are a lucky seven active condo listings in this Boundary Bay community. You can get your foot in the neighbourhood’s door for as little as $254,800 (a one-bedroom in Fairway Estates) or as much as $1,680,000 (a three-bedroom in the under-construction The View at 1212).
May sales were closing pretty much at the asking prices. A two-bedroom in La Mirage went for one per cent less than its list price of $638,700, while a two-bedroom in Hunter Greene closed at four per cent over its $659,900 asking price.
For a full summary of the Richmond and South Delta condo market in May 2016, check out our infographic below.
Richmond & South Delta Condo Market - May 2016
