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Kensington Gate MLS® Listings
68 9287 122 STREET 2 Bed, 2 Bath,1380 Sqft. $549,880Royal LePage Brent Roberts Realty
68 9287 122 STREET 2 Bed, 2 Bath,1380 Sqft. $549,880Royal LePage Brent Roberts Realty (Nearby Listing)
MLS® Disclaimer for BC: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.
Building Info
Kensington Gate at 9259 122 St, Surrey, BC V3V 7R7, Canada, 2 level townhouse community, 30 units in the development with 100 units in Strata, Strata Plan NWS2395. Quality built in 1987 with wood frame construction and concrete slab foundation. The complex features beautifully landscaped grounds, wheelchair access, club house, outdoor pool, hot tub, recreation centre, in-suite laundry, secure gated access and a private 2 car garage. Other address in the townhouse complex are 9255, 9257, 9259, 9271, 9287, 9295, 9277, 9273, 9265, 9261, 9285 and 9255 122nd Street. Located in the quite Queen Mary Park area of Surrey on 122nd Street and 92nd Avenue. Direct access to major transportation routes including Scott Road and South Fraser Way allows an easy commute to surrounding destinations. Nearby parks include Delta Lions Park, Delview Park and William Beagle Park. Enjoy the delicious foods of the closest restaurants include Hot Millions Cafe Limited, Top Town Fijian Cuisine and Thai By Thai. Great complex very well maintained.
The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totaled 30,944 in 2020, a 22.1 percent increase from the 25,351 sales recorded in 2019, and a 25.7 percent increase from the 24,619 homes sold in 2018.
November 2020 Market Insights
REBGV 23% increase on Listing in MLS from last year. For November 2020 over 4068 newly listed. Continuing demand for Detached Home and Townhouse with the benchmark price of $1,044,000
October 2020 Market Insights
October 2020 showing a robust Sales-to-Active Listing Ratio with a high mark of 30% means that Market conditions prices typically stable based on the given the baseline of 12-20%. Based on this given data the continued demand for Townhomes, Detached Homes
September 2020 Market Insights
September had a fantastic sales of 56% over the same period last year. Listings were 32% over last year
Real Estate Related News Articles(Sun and Province)Search News
Covid-19 pandemic cause increase demand for housing
“In the absence of a marked uptick in inventory, the current relationship between demand and supply supports continued double-digit average home price growth this year,” the real estate board’s chief market analyst, Jason Mercer, commented in the report.
The province has already introduced and extended a rent freeze during the COVID-19 pandemic, and it says in a news release Monday that new legislative changes will keep it in place through Dec. 31.
The pros and cons of purchasing the upgraded condo building compare to the newly build one
“Capacity is also a problem—most managers struggle to keep up with their day-to-day activities, so targeting reductions doesn’t happen much because they’re trying to keep their heads above water.”
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