Market Updates | June 2018

June Market Update

View the below price analysis for June 2018 in Richmond. It includes detailed information on detached homes, condos and townhomes. Check out the current market trends!

Market Summary for Detached

  • Buyers Market at 10% Sales Ratio average (1 in 10 homes selling rate)
  • Homes are selling on average 5% below list price
  • Most Active Price Band** $1 mil to $1.25 mil with average 38% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $3 mil to $3.5 mil, Bridgeport, Granville, Quilchena and 3 to 6 bedroom properties
  • Sellers Best Bet** Selling homes in Terra Nova, West Cambie and up to 2 bedroom properties
**with a minimum inventory of 10 in most instances
Detached | Richmond Real Estate Market Update

Market Summary for Attached

  • Sellers Market at 28% Sales Ratio average (2.8 in 10 homes selling rate)
  • Homes are selling on average 2% below list price
  • Most Active Price Band”* $300,000 to $400,000 with average 75% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $900,000 mil to $1 mil. Bridgeport and 3 bedroom properties
  • Sellers Best Bet** Selling homes in Boyd Park, East Cambie and up to 1 bedroom properties
**with a minimum inventory of 10 in most instances
Attached | Richmond Real Estate Market Update

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Source: SnapStats® Publishing Co. Graphs represent the data comparison between June 2018 and May 2018.