Market Updates | Feb 2018

February Market Update

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

Market Summary for Detached

  • Sellers market at 8% Sales Ratio average (8 in 100 homes selling rate)
  • Homes are selling on average 2% below list price
  • Most Active Price Band**$1 mil to $1.5 mil with average 30% Sales Ratio (Sellers market speed)
  • Buyers Best Bet**Homes between $2.5 mil to $2.75 mil, Broadmoor, Granville, Saunders and 5 to 6 bedroom properties
  • Sellers Best Bet**Selling homes in Steveston Village and 3 to 4 bedroom properties
**with a minimum inventory of 10 in most instances
Detached | Richmond Real Estate Market Update

Market Summary for Attached

  • Sellers market at 39% Sales Ratio average (3.9 in 10 homes selling rate)
  • Homes are selling on average 4% above list price
  • Most Active Price Band**$300,000 to $500,000 with average >100% Sales Ratio (Sellers market speed)
  • Buyers Best Bet** Homes between $1.5 mil to $1.75 mil, Quilchena, Steveston Village and minimum 4 bedroom properties
  • Sellers Best Bet** Selling homes in Boyd Park, Riverdale 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 February 2018 and January 2018.