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Westcoast Condominium
Following a pattern seen across the Lower Mainland, the number of listings in Richmond and South Delta are on the rise, while the median price in Richmond has gone down (it remained the same in South Delta).
The lowest Richmond prices are two condos selling in the Vancouver Airport Hilton Hotel. Listed at $68,000 and $68,800, these investment suites have been on the market a long time: over 250 days for the cheaper of the two and well over a thousand days for the other. The most expensive Richmond listing as of January 29 has been sitting on the books for a long time too. It’s a three-bedroom in River Green and its owners have been waiting since last June for an offer close enough to the $6.88 million mark to accept.
The highs and lows in South Delta tell a similar story. The least costly listing is $198,000 for a one-bedroom in Tsawwassen’s Sundial Village that’s been on the market since last May. And the most expensive, a $4,590,000 two-bedroom in Tsawwassen Springs, has been for sale since last March.
McLennan North
It wasn’t that long ago that this central Richmond community was semi-rural. You won’t see farms here anymore; McLennan North has been planned as a “complete” neighbourhood with all amenities within a 10-minute walk. There are 63 active listings here including a number in newly completed buildings. Prices start at $295,000 for a one-bedroom in Red 2 and go as high as $1,390,000 for a brand-new home in Monet.
Recent area sales include a three-bedroom in Trellaine that was snapped up for $440,000 (two per cent less than asking) after two days on the market. The sellers of a two-bedroom in Hampton Park held out for 12 days before letting their home go for three per cent over their $388,888 list price.
Ironwood
A neighbourhood growing in popularity, Ironwood has nine active listings. Most of them are in relatively new buildings in The Gardens, a complex built on the old Fantasy Gardens site, with prices there starting at $279,000 and going as high as $399,000. A recent sale in this master-planned community went for five per cent under asking: $311,000 after only three days on the market.
Richmond Condo Market Snapshot
