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Market Updates in Richmond | Jan 2019

Richmond Market Updates | January 2019

View the below price analysis for January 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 4% Sales Ratio average (4 in 100 homes selling rate)
  • Homes are selling on average 5% below list price
  • Most Active Price Band** $1 mil to $1.25 mil with average 27% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $1.75 mil to $2 mil to $2.75 mil, Seafair and 5 to 6 bedroom properties
  • Sellers Best Bet** Selling homes in East Cambie, Ironwood 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

  • Buyers Market at 10% Sales Ratio average (1 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 31% Sales Ratio (Sellers market)
  • Buyers Best Bet** Homes between $1 mil to $1.25mil, Boyd Park, Hamilton and minimum 3 bedroom properties
  • Sellers Best Bet** Selling homes in Granville, McLennan 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 Jan 2019 and Dec 2018.