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Richmond condo buyers and sellers saw plenty of action in April… sales there were up five per cent over the already phenomenally busy month of March. South Delta, meanwhile, took a bit a break. April sales there were down more than 47 per cent over the previous March. In fact, April 2016 South Delta sales were even down compared with April 2015 – an anomaly with the rest of Metro Vancouver.
South Delta sales were overwhelming going for list price, whereas Richmond sellers were accepting offers anywhere from eight per cent under list to 15 per cent over asking.
West Cambie
An excellent neighbourhood choice when it comes to both convenience and lifestyle, West Cambie has 52 active condo listings. These begin at $168,000 for a one-bedroom Bridgeport Court home that entered the listings race in late April. The most expensive area choice is a three-bedroom in Perla that was listed in late March for $2,088,000.
Over 25 West Cambie condos found new owners last month. Sellers accepted anywhere from five per cent less than list (a one-bedroom in Wall Centre Richmond asking $365,000) to seven per cent over (a two-bedroom in Mayfair Place asking $495,000).
Brighouse
This community lies at the heart of Richmond and offers a wide range of condo choices from entry-level to luxury. There are currently 310 active area listings – accounting for more than half of the condos for sale in Richmond. The entry-level point (once you discount hotel investment properties) is $168,800 for a two-bedroom in Blue Haven that came on the market back in November. At the extravagant end of the scale is a four-bedroom in River Green listed in January for $4,388,000.
At least 77 Brighouse properties changed hands in April. Lucky buyers picked up a one-bedroom in Regency Park Towers for seven per cent below the list price of $270,000. That condo was on the market for just over a year. Meanwhile, it was the owners of a two-bedroom in The Evergreens who made the best deal, agreeing to an offer 15 per cent over their $349,000 asking price after 18 days.
Richmond Market Snapshot
