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Richmond sellers were pleased to see a bounce upwards in sales last month: September condo closes were up nine per cent over August’s with 194 deals being finalized. Sales also compare well with last year: there were 63 per cent more in September 2015 than September 2014.
Richmond’s 827 active listings at the time of writing had a median list price of $404,900. Frequent fliers can pick up a studio apartment for $68,000 at the Vancouver Airport Hilton Hotel. That’s the city’s cheapest condo currently. At the other end of the scale, $6,880,000 will get you a spacious three-bedroom in Brighouse.
Sunny Tsawwassen is a much smaller market with 48 active listings and a median list price of $393,500. It will cost you $198,000 to get your foot in the door here with a one-bedroom in Sundial Village. Or, if life has treated you well and money is no object, Tsawwassen Springs has a two-bedroom condo for $4,750,000.
McLennan North
This sought-after residential neighbourhood in the heart of Richmond had 80 active listings at the time of writing with a median price of $435,000. These ranged from a 12-year-old, one-bedroom home at Trellaine for $239,900 to a brand-new two-bedroom in the Monet tower for $ 1,114,900. The latter building has several condos on offer with a starting point of $346,800.
Of three sales reported in the area between September 19 and October 2, one was in Monet. Going against the flow, the developer accepted an offer slightly below asking: $365,000 for a one-bedroom that was asking $369,000. Another sale was concluded right at the list price, while the third went eight per cent below asking… undoubtedly making the new owners very happy that they lowballed their offer.
Cliff Drive
Just the name of this Tsawwassen neighbourhood evokes images of the sweeping views possible across the Georgia Strait on a sunny day… and when isn’t it sunny here?
There were 27 active listings in the Cliff Drive neighbourhood at the time of writing, with a median asking price of $398,900. Just $238,000 will get you in the door in a 40-year-old building with a one-bedroom unit on the market. That’s the oldest building with a current listing; most are less than 10 years old. Several condos are available in the Tsawwassen Springs master-planned community. Three are in a four-year-old building on the site while nine are in the preconstruction phase and won’t be ready for you until 2017. That includes the area’s priciest option: a two-bedroom for $899,900.
Two homes in Tsawwassen Springs were reported as sold between September 19 and October 2; both went for list price.
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