Richmond Market Updates | Feb 2019
View the below price analysis for Feb 2019 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 5% Sales Ratio average (5 in 100 homes selling rate)
- Homes are selling on average 7% below list price
- Most Active Price Band** $1.25 mil to $1.5 mil with average 13% Sales Ratio (Balanced market)
- Buyers Best Bet** Homes between $2.25 mil to $3 mil, Woodwards and minimum 7 bedroom properties
- Sellers Best Bet** Selling homes in West Cambie and 3 to 6 bedroom properties
Market Summary for Attached
- Buyers Market at 12% Sales Ratio average (1.2 in 10 homes selling rate)
- Homes are selling on average 3% below list price
- Most Active Price Band** $300,000 to $400,000 with average 41% Sales Ratio (Sellers market)
- Buyers Best Bet** Homes between $900,000 to $1.25 mil, Boyd Park, Granville, Terra Nova, Woodwards and 4 plus bedroom properties
- Sellers Best Bet** Selling homes in Riverdale and up to 1 bedroom properties
Have a question about the market stats?
Contact meSource: SnapStats® Publishing Co. Graphs represent the data comparison between Feb 2019 and Jan 2019.
