Richmond-South Delta Condo Market Snapshot: January 29–February 12, 2016

Date
29.02.2016
Words by
Jill Lunde
Richmond-South Delta Condo Market Snapshot: January 29–February 12, 2016 hero imageRichmond-South Delta Condo Market Snapshot: January 29–February 12, 2016 hero image
Family-friendly neighbourhoods beckon south of the Fraser

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While larger condos (three or more bedrooms) make up only seven per cent of Richmond and South Delta’s active listings, they are becoming an attractive alternative to people who no longer dream of owning a detached house. And, what Richmond has that few other municipalities do is a substantial number of four-bedroom units on the market. The beauty of these homes is they often come with great amenities and someone else takes care of all the maintenance. Your job is simply to relax and enjoy.

Cliff Drive

This Tsawwassen neighbourhood is undergoing something of a renaissance with the Tsawwassen Springs development and the area’s only three-bedroom listing is part of that complex. It came on the market in early February for $879,900. Currently in preconstruction, this ground-level home will be ready for you and your family in 2017. The master-planned community includes a golf course along with a fitness centre as well as a wellness centre.

Brighouse

This community has been a going concern ever since the arrival of the Canada Line spurred the development of thousands of new condos. There are 382 active listings here – that’s over half of the total condos for sale in Richmond. Thirty of these are three-bedroom homes and another nine have four bedrooms.

One of the area’s newest three-bedroom listings came on the market February 11; it’s also one of the cheapest at $329,000. It’s in an older building, Ascott Wynde, and clocks in at 950 square feet. If you would rather have a brand-new home, Riva is offering a three-bedroom for $659,900 that is currently under construction. Its floor space is 1,140 square feet and also has a den plus two large balconies.

Three three-bedroom condos have sold recently in Brighouse. One home in Rosario Gardens spent just over 100 days on the market before finding a new owner for three per cent less than its $429,000 asking price. A home in the nearly new Quintet also sold for three per cent under its $756,800 list price. And, the owners of a River Green three-bedroom let their home go for $1,938,000 – 15 per cent less than list – after waiting 181 days for a better offer.

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