Richmond's Resale New Condos
The great demand for new condos in Richmond were fuelled by metro Vancouver's professionals and young couples who are ready to buy a home. Condos close to public transits are also the choice for most first time home buyers who like the life style of condo living - no yards and garden to attend to, great facilities like gym, recreation center and better security found in most new condos.
Many home owners like to live in Richmond because new condo prices are lower compared to Vancouver and Burnaby. Richmond is also very accessible with a wide selection of specialty stores, shopping malls, entertainment and restaurants. The proximity of Richmond to Vancouver, large employment base and the eventual arrival of the new Skytrain further enhance the attraction of Richmond.
Great Selections Of Resale Condos
Now that the market is slowing down, home buyers never have it so good for a long time shopping for their new condos in Richmond. Currently, there are many new condos listed for sale. Condo owners at Acqua, Versante', Lotus Living, Ocean Walk, Garden City Residences On a Park, Mandalay, etc. have to price their properties right to attract home buyers.
There are still many new high-rise Condo Developers who are having condo units available for sale to the public.
Resale and New Condo Sales Activities
The composition of new multi-family high-rise condos in Richmond are consisted of 1 bedroom - 570 to 636 sq ft, 2 bedroom - 732 to 980 sq ft, 2 bedroom + den from 1,040 to 1,240 , 3 bedroom - 1,2910 to 1,305 and some penhouse units between 1,592 to 1,655 sq ft. The selling prices ranged from $290,000 for the smaller units to $800,000 for the penhouses. The cost per sq ft varies from $430 to over $500.
The resale new condos are selling at prices inclusive of GST as compared with assignment sales and new condos from developers who are pricing their condos excluding GST.
For a home buyers, finding the right condo can be challenging. If you are looking for a condo at any of the above locations, kindly call me at 604-721-4817 or email me.
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