Richmond Condo Market Snapshot: Oct 16-30, 2015

Date
13.11.2015
Words by
Jill Lunde
Richmond Condo Market Snapshot: Oct 16-30, 2015 hero imageRichmond Condo Market Snapshot: Oct 16-30, 2015 hero image
Go big or go home… there’s lots of choice in large condos for families in Richmond – plus a closer look at West Cambie and Delta Manor neighbourhoods

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Sixty-nine per cent of the active condo listings in Richmond and South Delta are for two-, three- and four-bedroom homes, making the region a great place for families to house hunt. All of the four-bedroom listings (there are seven at the time of writing) are in Richmond, primarily in the Brighouse neighbourhood. Their total floor area ranges from 1,688 square feet for a Terra Nova home listed for $748,000 to 3,655 square feet for a two-level riverfront condo listed for $3,680,000.

Of the 20 recently reported condo sales in the region, all were for one- and two-bedroom units and none went for over asking. A quarter of these sold for their list price; one owner in Richmond’s Quilchena neighbourhood accepted an offer 19 per cent less than their $288,888 list price after six weeks on the market.

The most expensive recent condo sale in Richmond was $990,000 for a two-year-old home in Brighouse. That sale price was four per cent less than asking. In South Delta meanwhile, $909,900 was the highest amount spent – which was right at list – for a Tsawwassen Springs presale.

West Cambie

This community is the hub of a rapidly changing Richmond and has seen a good deal of housing growth in the past few years. The area is considered an excellent choice for convenience and lifestyle. Of its 76 active listings, 55 are for two-bedroom homes, with two three-bedroom condos on the market.

The largest of these homes has a total floor area of 1,417 square feet. With an asking price of $997,000, this two-bedroom waterfront penthouse offers views of the sunrise as well as the sunset. The largest three-bedroom has 1,242 square feet of living space. For $473,000, you can call this spacious condo home and get used to resort-like living with the building’s clubhouse.

There were two recently reported sales in West Cambie, both in the Alexandra Court building which will be completed in 2016. Both these two-bedroom homes sold for their list price.

Delta Manor

Of the six active condo listings in Ladner, five are in the Delta Manor neighbourhood and all but one has two bedrooms. If size matters, the largest condo on the market is 1,134 square feet. This renovated Addlington Court listing overlooks green space and can be yours for $429,000.

For $469,000 you can move into a newer two-bedroom home in the Canu development. This two-year-old condo is a bit smaller (1,017 square feet) and has both patio and yard space.

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