James Wong Richmond Realtor

The pre-sales and assignments of new condos in downtown Vancouver are showing prices between $550 to $750 per square foot. In the Coal Harbour area and South False Creek Millennium Village, prices are heading the $1,000 per square foot range. Vancouver prices are way higher than new condos selling in downtown Toronto which are selling at $300 to $350 per square foot. Home buyers in Vancouver are facing a tough decision whether to buy now or to hold off buying to a later date.

Real estate prices world wide have appreciated over the past 6 years due to excessive liquidity. Housing analysts are estimating that as much as 25% of real estate purchases are bought by investors and speculators. The easy credit and strong demand for real estate over the past few years have pushed up house prices to level that cannot be sustained. Many home buyers can only afford older housing units or homes that are priced lower and further away from the city centers.

For many home owners, home ownership means living in apartments. Many are hoping that they will build equity to enable them Trading up to a better or larger home a few years down the road. Whether it is better for someone to buy a home now or continue to rent is difficult to say. Many real estate expects in Vancouver had been calling the market top for over 2 years, the housing market is not showing any sign of slowing down.

If you like to have more information on the Richmond housing market, kindly contact James Wong 604-721-4817.

General description

This townhouse complex is centrally located in the Richmond city center area. The complex is around 23 years old and there are just around 24 units in the above 3 addresses. The units are seldom available for sale. Each unit is consisted of around 1,500 square feet of living area with 3 bedrooms and 2.5 baths. The parking arrangement is one covered car porch and an adjacent “open” parking spot. The property tax for 2007 is around $1,600/$1,700 and the monthly maintenance is around $130.00.

The strata management and general up-keep by the owners of 8431 and 8531 are excellent. You’ll be making an excellent choice in owning a unit at any of the above addresses.

Price history: 2005 - $290,000, 2006 - $340,000 and 2007 - $385,000.

If you like to find out more information on the current properties available for sale in this townhouse complex, kindly contact James Wong at 604-721-4817.

General description

This townhouse complex centrally located and within walking distance to the major amenities around Richmond city center. The complex is around 22 years old. This is a 2-level townhouse complex with average built-up area around 1,320 square feet of living area with 3 bedrooms and 1.5 baths. The parking arrangement is one covered car-porch and one open parking spot. The property tax for 2007 is around $1,740 and the monthly maintenance is around $178.

This is a very desirable well-planned townhouse complex with wide open drive-way, very unique and strong curb appeal. Topping all these attractions, the home owners are friendly and take pride in their homeownership in this complex.

Price history: 2005 - $310,000, 2006 - $370,000 and 2007 - $390,000

If you like to find out more information on the current properties available for sale in this townhouse complex, kindly contact James Wong at 604-721-4817.

General description

This townhouse complex is conveniently located at the "Riverdale area" of West Richmond. The complex is around 27 years old and ideal for bring up a young family. Each unit is consisted of around 1,400 square feet of living area with 3 bedrooms and 1.5 baths. The parking arrangement is “open” and generally the parking spots for the owners are located in front of each unit. The property tax for 2007 is around $1,524 and the monthly maintenance is around $164.00.

The townhouse complex is located in Richmond’s “Riverdale” area. Access to the townhouse complex from the city is via Westminster Highway and No. 2 Road. Both elementary and secondary schools are within a short walk from the townhouse complex.

Price history: 2005 - $285,000, 2006 - $345,000, 2007 - $370,000

If you like to find out more information on current properties available for sale in this townhouse complex, kindly contact James Wong at 604-721-4817.