Please visit our Open House at 1426 MADRONA PL in Coquitlam.
Open House on Sunday, July 22, 2018 2:00PM - 4:00PM Next to greenbelt. Well constructed Parklane built home on a quiet Cul-De-Sac at a beautiful block at the top of Westwood Plateau. Excellent layout with open floor plan. Main floor: formal living and dining room, large windows, den (could be office/kids play room). Working island in the kitchen, separate eating area and huge family room. Double garage. Upstairs has 4 bedrooms and a recreation room (could be a bedroom). Peek-a-boo view. Basement is about 900sf and ready for finishing. Some work will make this a beautiful home. City assessment $1.49M
Well constructed Parklane built home on a quiet Cul-De-Sac at a beautiful block at the top of Westwood Plateau. Next to greenbelt. Excellent layout with open floor plan and high ceiling. Spiral staircase. Main floor: formal living and dining room, large windows, den (could be office/kids play room). Huge centre island in the kitchen, separate eating area and huge family room. Very spacious feel. Double garage. Upstairs has 4 bedrooms and a recreation room (could be a bedroom). Peek-a-boo view. Basement is about 900 sf and ready for your finishing. One owner home. House is in original condition. City assessment $1.491M. OPEN Sun 2-4.
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Please visit our Open House at 205 260 SALTER ST in New Westminster.
Open House on Sunday, July 15, 2018 2:30PM - 4:30PM Unobstructed river and courtyard views from gorgeous SE corner 2 bed, 2 bath unit (956 sf) in the popular Portage by Aragon at Port Royal (Queensborough) waterfront community. Suite has a huge covered balcony (addt'l 100 sf) off from living room. 10' ceilings, oversized windows, and expansive views of the Fraser River gives a feeling of spaciousnees and serenity. Reclaimed antique brick wall and cozy fireplace in the living room. Engineered oak flooring throughout. Open kitchen has a window, Quartz countertops, oak laminate cabinetry, gas cooktop and Bosch stainless steel espresso machine. Spa-like ensuite has heated floor, double sinks, soaker tub with shower. This is a very unique home. Large storage locker and one u/g parking. Bike locker room. 2-5-10 New home Warranty remaining. A must see!!
River and courtyard views from gorgeous SE corner 2 bed, 2 bath unit (956 sf) in the popular Portage by Aragon at Port Royal (Queensborough) waterfront community. Suite has a huge covered balcony (addt'l 100 sf) off from living room. 10' ceilings, oversized windows, and expansive views of the Fraser River gives a feeling of spaciousnees and serenity. Reclaimed antique brick wall and cozy fireplace in the living room. Engineered oak flooring throughout. Open kitchen has a window, Quartz countertops, oak laminate cabinetry, gas cooktop and Bosch stainless steel espresso machine. Spa-like ensuite has heated floor, double sinks, soaker tub with shower. This is a very unique home. Large storage locker and one u/g parking. Bike locker room. 2-5-10 New home Warranty. 1st Open Jul 15 2:30-4:30.
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Please visit our Open House at 1426 MADRONA PL in Coquitlam.
Open House on Saturday, July 14, 2018 2:00PM - 4:00PM Next to greenbelt. Well constructed Parklane built home on a quiet Cul-De-Sac at a beautiful block at the top of Westwood Plateau. Excellent layout with open floor plan. Main floor: formal living and dining room, large windows, den (could be office/kids play room). Working island in the kitchen, separate eating area and huge family room. Double garage. Upstairs has 4 bedrooms and a recreation room (could be a bedroom). Peek-a-boo view. Basement is about 900sf and ready for finishing. Some work will make this a beautiful home. City assessment $1.49M
Well constructed Parklane built home on a quiet Cul-De-Sac at a beautiful block at the top of Westwood Plateau. Next to greenbelt. Excellent layout with open floor plan and high ceiling. Spiral staircase. Main floor: formal living and dining room, large windows, den (could be office/kids play room). Huge centre island in the kitchen, separate eating area and huge family room. Very spacious feel. Double garage. Upstairs has 4 bedrooms and a recreation room (could be a bedroom). Peek-a-boo view. Basement is about 900 sf and ready for your finishing. One owner home. House is in original condition. City assessment $1.491M. OPEN Sat 2-4.
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Here below is an article from the Real Estate Board of Greater Vancouver:


Home seller supply grows as demand declines


VANCOUVER, BC – July 4, 2018 – With home sale activity dipping below long-term historical averages, the supply of homes for sale in Metro Vancouver* reached a three-year high in June.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,425 in June 2018, a 37.7 per cent decline from the 3,893 sales recorded in June 2017, and a 14.4 per cent decrease compared to May 2018 when 2,833 homes sold.

Last month’s sales were 28.7 per cent below the 10-year June sales average.

“Buyers are less active today. This is allowing the supply of homes for sale to accumulate to levels we haven’t seen in the last few years,” Phil Moore, REBGV president said. “Rising interest rates, high prices and more restrictive mortgage requirements are among the factors dampening home buyer activity today.”

There were 5,279 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in June 2018. This represents a 7.7 per cent decrease compared to the 5,721 homes listed in June 2017 and a 17.2 per cent decrease compared to May 2018 when 6,375 homes were listed.

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 11,947, a 40.3 per cent increase compared to June 2017 (8,515) and a 5.8 per cent increase compared to May 2018 (11,292). This is the highest this total has been since June 2015.

“With reduced demand, detached homes are entering a buyers’ market and price growth in our townhome and apartment markets is showing signs of decelerating.”

For all property types, the sales-to-active listings ratio for June 2018 is 20.3 per cent. By property type, the ratio is 11.7 per cent for detached homes, 24.9 per cent for townhomes, and 33.4 per cent for condominiums.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,093,600. This represents a 9.5 per cent increase over June 2017 and is 

virtually unchanged from May 2018.


Sales of detached homes in June 2018 reached 766, 

a 42 per cent decrease from the 1,320 detached sales recorded in June 2017. The benchmark price for a detached home is $1,598,200. This represents a 0.7 per cent increase from June 2017 and a 0.6 per cent decrease compared to May 2018.

Sales of apartment homes reached 1,240 in June 2018, a 34.9 per cent decrease compared to the 1,905 sales in June 2017. The benchmark price for an apartment is $704,200. This represents a 17.2 per cent increase from June 2017 and a 0.4 per cent increase compared to May 2018.

Attached home sales in June 2018 totalled 419, a 37.3 per cent decrease compared to the 668 sales in June 2017. The benchmark price of an attached home is $859,800. This represents a 15.3 per cent increase from June 2017 and is virtually unchanged from May 2018. -

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I have sold a property at 504 55 TENTH ST in New Westminster.
Bright SW facing 2 bedroom 2 full bath suite at Westminster Towers in popular downtown New Westminster. Some water and city views! Great layout with bedrooms on separate side, ceramic tiles in kitchen, bath and hallway. Floor to ceiling windows. 2 covered balconies accessed from bedrooms. Newer kitchen counter top and appliances. One parking, no locker. Shared coin operated laundry. Repiping done 2016. Proactive strata council. 5 min walk to Skytrain and bus stop, shopping plaza, supermarket, cafe and restaurants, Douglas College and the Quay. Easy access to Surrey, Vancouver, Burnaby and Coquitlam. Pet and rental allowed.
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Please visit our Open House at 1426 MADRONA PL in Coquitlam.
Open House on Sunday, July 8, 2018 2:00PM - 4:00PM Next to greenbelt. Well constructed Parklane built home on a quiet Cul-De-Sac at a beautiful block at the top of Westwood Plateau. Excellent layout with open floor plan. Main floor: formal living and dining room, large windows, den (could be office/kids play room). Working island in the kitchen, separate eating area and huge family room. Double garage. Upstairs has 4 bedrooms and a recreation room (could be a bedroom). Peek-a-boo view. Basement is about 900sf and ready for finishing. Some work will make this a beautiful home. City assessment $1.49M
Well constructed Parklane built home on a quiet Cul-De-Sac at a beautiful block at the top of Westwood Plateau. Next to greenbelt. Excellent layout with open floor plan and high ceiling. Spiral staircase. Main floor: formal living and dining room, large windows, den (could be office/kids play room). Huge centre island in the kitchen, separate eating area and huge family room. Very spacious feel. Double garage. Upstairs has 4 bedrooms and a recreation room (could be a bedroom). Peek-a-boo view. Basement is about 900 sf and ready for your finishing. One owner home. House is in original condition. City assessment $1.491M. OPEN Sun 2-4.
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Please visit our Open House at 1426 MADRONA PL in Coquitlam.
Open House on Sunday, June 24, 2018 2:00PM - 4:00PM The nicest block at Westwood Plateau. Asking price is $100,000 below city assessment. Come and check it out.
Well constructed Parklane built home on a quiet Cul-De-Sac at a beautiful block at the top of Westwood Plateau. Next to greenbelt. Excellent layout with open floor plan and high ceiling. Main floor: formal living and dining room, large windows, den (could be office/kids play room). Huge centre island in the kitchen, separate eating area and huge family room. Very spacious feel. Double garage. Upstairs has 4 bedrooms and a recreation room (could be a bedroom). Peek-a-boo view. Basement is about 900sf and ready for your finishing. One owner home. House is in original condition. City assessment $1.491M Open Sunday.
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I have sold a property at 2203 13325 102A AVE in Surrey.
Welcome to "Ultra" located in the the most convenience area in North Surrey. Gorgeous north shore mountain and city views from this almost like new studio suite which has quartz countertops, stainless steel appliances and large balcony. Huge party room and gym. Short walk to Surrey Central shopping Mall, SFU Surrey Campus, Skytrain and bus loop, City Hall, Community Centre and park. Rentals ok. Allow 1 dog under 25lb or 1 cat. Asking price included one locker, no parking stall. Quick possession welcomed.
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Please visit our Open House at 1426 MADRONA PL in Coquitlam.
Open House on Sunday, June 17, 2018 2:00PM - 4:00PM Next to greenbelt. Well constructed Parklane built home on a quiet Cul-De-Sac at a beautiful block at the top of Westwood Plateau. Excellent layout with open floor plan. Main floor: formal living and dining room, large windows, den (could be office/kids play room). Working island in the kitchen, separate eating area and huge family room. Double garage. Upstairs has 4 bedrooms and a recreation room (could be a bedroom). Peek-a-boo view. Basement is about 900sf and ready for finishing. Some work will make this a beautiful home. City assessment $1.49M
Well constructed Parklane built home on a quiet Cul-De-Sac at a beautiful block at the top of Westwood Plateau. Next to greenbelt. Excellent layout with open floor plan and high ceiling. Main floor: formal living and dining room, large windows, den (could be office/kids play room). Huge centre island in the kitchen, separate eating area and huge family room. Very spacious feel. Double garage. Upstairs has 4 bedrooms and a recreation room (could be a bedroom). Peek-a-boo view. Basement is about 900sf and ready for your finishing. One owner home. House is in original condition. City assessment $1.491M Open Sunday.
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The following article is published by the REBGV on June 4, 2018


Reduced demand is allowing housing supply to accumulate

Home buyer demand continues to decline across the Metro Vancouver housing market.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in the region totalled 2,833 in May 2018, a 35.1 per cent decrease from the 4,364 sales recorded in May 2017, and a 9.8 per cent increase compared to April 2018 when 2,579 homes sold.

Last month’s sales were 19.3 per cent below the 10-year May sales average.

“With fewer homes selling today compared to recent years, the number of homes available for sale is rising,” Phil Moore, REBGV president said. “The selection of homes for sale in Metro Vancouver has risen to the highest levels we’ve seen in the last two years, yet supply is still below our long-term historical averages.”

There were 6,375 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in May 2018. This represents a 5.5 per cent increase compared to the 6,044 homes listed in May 2017 and a 9.5 per cent increase compared to April 2018 when 5,820 homes were listed.

The total number of properties currently listed for sale on the MLS® system in Metro Vancouver is 11,292, a 38.2 per cent increase compared to May 2017 (8,168) and a 15 per cent increase compared to April 2018 (9,822).

The total number of listings available today is 17.2 per cent below the 10-year May average.

For all property types, the sales-to-active listings ratio for May 2018 is 25.1 per cent. By property type, the ratio is 14.7 per cent for detached homes, 30.8 per cent for townhomes, and 41.7 per cent for condominiums.

Generally, analysts say that downward pressure on home prices occurs when the ratio dips below the 12 per cent mark for a sustained period, while home prices often experience upward pressure when it surpasses 20 per cent over several months.

“For home sellers to be successful in today’s market, it’s important to price your property competitively given the shifting dynamics we’re experiencing,” Moore said. “It’s also important to work with your local Realtor to better understand these changing conditions.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,094,000. This is an 11.5 per cent increase over May 2017 and a 0.2 per cent increase compared to April 2018.

Sales of detached properties in May 2018 reached 926, a 40.2 per cent decrease from the 1,548 detached sales recorded in May 2017. The benchmark price for detached properties is $1,608,000. This is a 2.4 per cent increase from May 2017 and a 0.1 per cent increase compared to April 2018.

Sales of apartment properties reached 1,431 in May 2018, a 29.3 per cent decrease from the 2,025 sales in May 2017. The benchmark price of an apartment property is $701,700. This is a 20.2 per cent increase from May 2017 and a 0.1 per cent increase compared to April 2018.

Attached property sales in May 2018 totalled 476, a 39.8 per cent decrease from the 791 sales in May 2017. The benchmark price of an attached unit is $859,500. This represents a 16 per cent increase from May 2017 and a 0.6 per cent increase compared to April 2018.

 ======================

Contact Eva Li for a market price consulation for your home or another property.

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Please visit our Open House at 1426 MADRONA PL in Coquitlam.
Open House on Sunday, June 10, 2018 2:00PM - 4:00PM Next to greenbelt. Well constructed Parklane built home on a quiet Cul-De-Sac at a beautiful block at the top of Westwood Plateau. Excellent layout with open floor plan. Main floor: formal living and dining room, large windows, den (could be office/kids play room). Working island in the kitchen, separate eating area and huge family room. Double garage. Upstairs has 4 bedrooms and a recreation room (could be a bedroom). Peek-a-boo view. Basement is about 900sf and ready for finishing. Some work will make this a beautiful home. City assessment $1.49M
Well constructed Parklane built home on a quiet Cul-De-Sac at a beautiful block at the top of Westwood Plateau. Next to greenbelt. Excellent layout with open floor plan and high ceiling. Main floor: formal living and dining room, large windows, den (could be office/kids play room). Huge centre island in the kitchen, separate eating area and huge family room. Very spacious feel. Double garage. Upstairs has 4 bedrooms and a recreation room (could be a bedroom). Peek-a-boo view. Basement is about 900sf and ready for your finishing. One owner home. House is in original condition. City assessment $1.491M Open Sunday.
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Please visit our Open House at 1426 MADRONA PL in Coquitlam.
Open House on Sunday, June 10, 2018 2:00PM - 4:00PM Next to greenbelt. Well constructed Parklane built home on a quiet Cul-De-Sac at a beautiful block at the top of Westwood Plateau. Excellent layout with open floor plan. Main floor: formal living and dining room, large windows, den (could be office/kids play room). Working island in the kitchen, separate eating area and huge family room. Double garage. Upstairs has 4 bedrooms and a recreation room (could be a bedroom). Peek-a-boo view. Basement is about 900sf and ready for finishing. Some work will make this a beautiful home. City assessment $1.49M
Well constructed Parklane built home on a quiet Cul-De-Sac at a beautiful block at the top of Westwood Plateau. Next to greenbelt. Excellent layout with open floor plan and high ceiling. Main floor: formal living and dining room, large windows, den (could be office/kids play room). Huge centre island in the kitchen, separate eating area and huge family room. Very spacious feel. Double garage. Upstairs has 4 bedrooms and a recreation room (could be a bedroom). Peek-a-boo view. Basement is about 900sf and ready for your finishing. One owner home. House is in original condition. City assessment $1.491M Open Sunday.
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I have listed a new property at 205 260 SALTER ST in New Westminster.
River and courtyard views from gorgeous SE corner 2 bed, 2 bath unit (956 sf) in the popular Portage by Aragon at Port Royal (Queensborough) waterfront community. Suite has a huge covered balcony (addt'l 100 sf) off from living room. 10' ceilings, oversized windows, and expansive views of the Fraser River gives a feeling of spaciousnees and serenity. Reclaimed antique brick wall and cozy fireplace in the living room. Engineered oak flooring throughout. Open kitchen has a window, Quartz countertops, oak laminate cabinetry, gas cooktop and Bosch stainless steel espresso machine. Spa-like ensuite has heated floor, double sinks, soaker tub with shower. This is a very unique home. Large storage locker and one u/g parking. Bike locker room. 2-5-10 New home Warranty remaining.
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Please visit our Open House at 1426 MADRONA PL in Coquitlam.
Open House on Sunday, June 3, 2018 2:30PM - 4:30PM Next to greenbelt. Well constructed Parklane built home on a quiet Cul-De-Sac at a beautiful block at the top of Westwood Plateau. Excellent layout with open floor plan. Main floor: formal living and dining room, large windows, den (could be office/kids play room). Working island in the kitchen, separate eating area and huge family room. Double garage. Upstairs has 4 bedrooms and a recreation room (could be a bedroom). Peek-a-boo view. Basement is about 900sf and ready for finishing. City assessment $1.49M
Next to greenbelt. Well constructed Parklane built home on a quiet Cul-De-Sac at a beautiful block at the top of Westwood Plateau. Excellent layout with open floor plan and high ceiling. Main floor: formal living and dining room, large windows, den (could be office/kids play room). Huge centre island in the kitchen, separate eating area and huge family room. Very spacious feel. Double garage. Upstairs has 4 bedrooms and a recreation room (could be a bedroom). Peek-a-boo view. Basement is about 900sf and ready for your finishing. One owner home. House is in original condition. City assessment $1.491M Open Sunday.
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I have listed a new property at 401 838 AGNES ST in New Westminster.
Courtyard and city views! Bright SW corner suite at Westminster Towers in popular downtown New Westminster. Great layout. Ceramic tiles in kitchen, bath and hallway. New wood flooring in living room and bedroom. Floor to ceiling windows. Covered balcony. Stone kitchen counter top and new fridge and stove. New sink and counter in bathroom. One parking, no locker. Shared coin operated laundry. Repiping done 2016. Proactive strata council. 5 min walk to skytrain and bus stop, shopping plaza, supermarket, cafe and restaurants, Douglas College and the Quay. Easy access to Surrey and Vancouver, Burnaby and Coquitlam. Pet and rental allowed.
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Please visit our Open House at 2203 13325 102A AVE in Surrey.
Open House on Sunday, May 27, 2018 2:00PM - 4:00PM
Welcome to "Ultra" located in the the most convenience area in North Surrey. Gorgeous north shore mountain and city views from this almost like new studio suite which has quartz countertops, stainless steel appliances and large balcony. Huge party room and gym. Short walk to Surrey Central shopping Mall, SFU Surrey Campus, Skytrain and bus loop, City Hall, Community Centre and park. Rentals ok. Allow 1 dog under 25lb or 1 cat. Asking price included one locker, no parking stall. Quick possession welcomed. Open Sun 2-4 May 27
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Please visit our Open House at 1426 MADRONA PL in Coquitlam.
Open House on Sunday, May 27, 2018 2:30PM - 4:30PM Well constructed Parklane built home on a quiet Cul-De-Sac at a beautiful block at the top of Westwood Plateau. Excellent layout with open floor plan. Main floor: formal living and dining room, large windows, den (could be office/kids play room). Working island in the kitchen, separate eating area and huge family room. Double garage. Upstairs has 4 bedrooms and a recreation room (could be a bedroom). Peek-a-boo view. Basement is about 900sf and ready for finishing. City assessment $1.49M
Well constructed Parklane built home on a quiet Cul-De-Sac at a beautiful block at the top of Westwood Plateau. Excellent layout with open floor plan and high ceiling. Main floor: formal living and dining room, large windows, den (could be office/kids play room). Huge centre island in the kitchen, separate eating area and huge family room. Very spacious feel. Double garage. Upstairs has 4 bedrooms and a recreation room (could be a bedroom). Peek-a-boo view. Basement is about 900sf and ready for your finishing. House is in original condition. City assessment $1.491M Open Sunday.
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I have listed a new property at 2203 13325 102A AVE in Surrey.
Welcome to "Ultra" located in the the most convenience area in North Surrey. Gorgeous north shore mountain and city views from this almost like new studio suite which has quartz countertops, stainless steel appliances and large balcony. Huge party room and gym. Short walk to Surrey Central shopping Mall, SFU Surrey Campus, Skytrain and bus loop, City Hall, Community Centre and park. Rentals ok but no pets. Asking price included one locker, no parking stall. Quick possession welcomed.
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Please visit our Open House at 1426 MADRONA PL in Coquitlam.
Open House on Sunday, May 20, 2018 2:30PM - 4:30PM Well constructed Parklane built home on a quiet Cul-De-Sac at a beautiful block at the top of Westwood Plateau. Excellent layout with open floor plan. Main floor: formal living and dining room, large windows, den (could be office/kids play room). Working island in the kitchen, separate eating area and huge family room. Double garage. Upstairs has 4 bedrooms and a recreation room (could be a bedroom). Peek-a-boo view. Basement is about 900sf and ready for finishing. City assessment $1.49M
Well constructed Parklane built home on a quiet Cul-De-Sac at a beautiful block at the top of Westwood Plateau. Excellent layout with open floor plan. Main floor: formal living and dining room, large windows, den (could be office/kids play room). Working island in the kitchen, separate eating area and huge family room. Double garage. Upstairs has 4 bedrooms and a recreation room (could be a bedroom). Peek-a-boo view. Basement is about 900sf and ready for finishing. House is in original condition. City assessment $1.491M Open Sunday.
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For prompt, polite and professional service, always contact Eva Li of RE/MAX Central Realty