James Wong Richmond Realtor

 温哥華西區房地產

考慮購買西區房地產？

當搜索您的夢想家園，您要的充分了解房地產市場。為了幫助您完成這一過程，以下因素, 需要仔細考慮：

-您的要求,是否能夠滿足您的生活方式需要？
-您在未來3至5年需求？
-您的預算和家庭開支是多少？

這些問題解決後, 我們將與你配合, 找你的夢想房家。

賣西區房地產的思考？

我們可以為您提供最新房地產資料，市場趨勢 - 有利的賣方或買方，融資環境, 和其他競爭賣家的房地產。這些是非常重要的因素, 讓你的房產快速和最佳的價格出售。

我們將以最大銷售計劃, 和其他房地產經紀人和買家, 推建您的房家。在整個銷售過程中，我們將與您溝通，讓您知道您的房家營銷進展。

温哥華西區獨立屋

Vancouver Westside Detached Homes

Buying and Selling a home is a complex undertaking. Hiring a full service professional Realtor will help save you time and money.

Your REALTOR® is highly trained, bound by ethical business practices

You are protected legally and insured to be treated faily by your REALTOR®

You have access to exclusive Multiple Listing Service®

• We will determine your needs and work with you buying or selling your home.
• We will guide you every step of the say to make your real estate experience stress-free and a pleasant one.
  

Below you can research online Vancouver westside detached homes that are listed for sale on the MLS System:

Richmond real estate is now back to a seller's market now

After 4 months of surge in sales and lack of new inventory in the market, sellers are now back in control and home prices are heading up again. The months of inventory below confirmed the market is experiencing strong buyer interest, and home prices are gaining ground.

The latest month of inventory or supply/demand as shown below confirmed strong buying pressure which will help boost home sellin prices. The housing market report for Richmond showing the list /sale ratios for detached homes, townhomes and condos can be viewed here.

Know what your are buying

Buyers are required to make a quick decision as there are other buyers likely to beat them to the homes they are interested to buy. Sellers are now not too flexible in their price negotiation as they know they market will catch up on the prices they want. As a buyer, you need to be ready and being pre-approved for a mortgage gives you an edge to buy with confidence.

The market has now turned in favour of the sellers. You either have to move your offer price up to meet seller's price, or hope for better luck with another home seller. Unfortunately, other home sellers may be equally firm on their selling prices.

If you are searching for homes for sale, you can use my website here to check out the homes listed for sale on the MLS system. You can contact me at 604-721-4817 to search for homes meeting your requirements. Or, email me.

Building your own home in Richmond

Some home owners are keen to build their own dream homes. If building your own home appeals to you, you can get the help from one of the many new home builders in Richmond.

Not only you can save money building your home, you also get the features you want for your dream home.

Taking the first step

Work with a Richmond Realtor, who can help walk you through the process of finding a building lot and line-up a home builder for you. Meet with some Richmond builders who construct houses that are similar in size, quality, and features to the home you want. You will have a fair idea as to the cost to build your own home. It is important to know exactly what is included in the price - your builder can provide a list showing the materials that will be used.

Cost of building lot

In Richmond most building lots for new homes are from old homes that are bought for their lot values. These homes are torn down to make way for the contrauction of new homes. Your building lot cost may varies from $500,000 to $650,000 for a lot in a prime west Richmond neighborhood. In desirable neighborhoods like Granville, Riverdale and Broadmoor, the cost for building lot around 8,000 sq ft may range from $600,000 to $650,000. In Richmond Seafair area, lot prices may range from $500,000 to $550,000.

You can search for west Richmond building lots here.

Cost to counstruct

The construction cost may varies depending on the size of the home, the floor plan and features you want to have in the house.

The cost per square foot is derived fromteh construction estimate divided by the square footage of the new home you want to build. A typical 3,700 sq ft new home in Rchmond may cost $480,000 to $500,000.

The cost per square foot is often higher for a small home than a larger home. When building a larger home, the cost of expensive items like furnace and kitchen is spread over more square footage. Consequently, a larger home may have a lower square footage cost than a smaller home.

Build to suit

This approach involves using a Realtor to locate an older home that will be used as the building lot for the new home, and a home builder undertaking the construction of your new home. You can pick the floor-plan from existing blue-prints, and provide the features you like to have for your home. Financing for new home construction can be arranged with a local bank. Typically, 3 draws each around one-third of the construction cost is paid out as the home is being completed in stages.

For more information on building your own million dollar home in Richmond, you can contact me at 604-721-4817 for a discussion.

You can view some of the Richmond million dollar homes for sale by following this link.

Richmond real estate: spring activities

Sales of detached, attached and apartments in Richmond continued to improve, from 199 and 337 in February and March to 429 in April 2009. With more buyers and fewer homes for sale in recent months, the Greater Vancouver housing market has entered a more moderate and balanced state.

Declining supply

For the past 6 months, new listings for detached, attached and apartment properties declined in Greater Vancouver. Total listings for April 2009 was down 33.7 per cent compared to April 2008, when 7,010 new units were listed.

The total number of property listings on the Multiple Listing Service, while slightly down compared to last month, remains unchanged compared to the same period in 2008.


Market over-supply and poor economic conditions

The spring surge in market activities could be attributed to anemic sales during the winter months, and aggressive interest rates cuts by the Bank of Canada in recent weeks. The market is now left with homes that were passed over by home buyers. These homes may be over-priced or not as appealing to home buyers.

There are motivated buyers looking for good homes fairly priced showing up on the market. This may not happen as home sellers are holding off listing their homes at today's prices. The lack of good qualify listings coming onto the market will result in lower sales activities in the coming weeks.

The supply of homes is still high in relation to the demand. The next few quarters outlook for the Richmond housing market is likely to remain moderate, and home prices under pressure to decline more gradually due to market oversupply and deteriorating economic conditions.

Affordability is still a problem

Home buyers, including many first-time buyers were attracted to enter the market due to low interest rates, good supply of housing and a considerably lower cost mortgage compared to recent years. However, housing affordability is still a problem for many home buyers.

You can follow the monthly Greater Vancouver and Richmond housing market up-dates here. A list of Richmond homes for sale on the MLS system can be viewed here.