Richmond is one of Geater Vancouver’s hottest real estate markets

June 12, 2009

A Vancouver Sun article by Derrick Penne, June 11, 2009:A bucolic chunk of Langley Township is the Lower Mainland’s hottest real-estate neighbourhood, a place where average prices are actually higher now than a year ago, says realty firm Century 21.

The rural utopia of horse paddocks and pastures came out tops in the company’s research on the best-performing areas in the Lower Mainland for real estate prices.

The neighbourhood was one of three that recorded year-over-year price gains in April. The other two were Coal Harbour in Vancouver and a section of Richmond.

Langley Century 21 realtor Sukh Kang said the area’s high performance is “probably because of the acreages.”

Here’s the full article.

Skytrain effect ?

A report by Landcore Data cited property demand and values were positively affected by fast skytrain access to other par of Greater Vancouver. The the City of Richmond contributes positively by encouraging re-development of Richmond down town core with many multi-family concrete high-rise towers. You can view the newer Richmond concrete high-rise condos for sale using this link.

For more information about the real estate market in Richmond, you can follow my monthly Richmond housing updates.

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