Vancouver Community Series – Richmond

Richmond

Our third installment in the Vancouver community series takes a look at the Richmond BC detached market.

During the two periods Aug 26/10 to Sept 25/10 and Sept 25/10 to Oct 25/10, detached properties in the Richmond community had these results.

Listings

Total Listings decreased from Aug/July’s 731 to Sept/Oct’s 714.

Sales

Sales also declined from Aug/July’s 107 to 92 in Sept/Oct.

Expired, Reductions, Increases, Days on Market

Richmond – 1920
  • Aug/July had 76 listings expire. That number decreased by two to 74 in Sept/Oct.
  • Price reductions in Aug/Sept totalled 148 and increased to 154 in Sept/Oct.
  • The total number of price increase in Aug/Sept were 22. This number held in Sept/Oct.
  • The number of days it took to sell a home in Aug/Sept was 52. It tool slightly longer 55 days, to sell in Sept/Oct.

Average and Median Prices

  • Aug/Sept the Average Ask price was $1,003,912 just slightly above $1,003,798 recorded in July/Aug. The average stalled in Sept/Oct totalling $1,003,521.
  • The Median Ask price in Aug/Sept was $888,000. This dropped to $868,000 in Sept/Oct.
  • The Average Sold price in the Aug/Sept was $961,038. In Sept/Oct this increased to $966,899.
  • The Median Sold price in Aug/Sept settled at $870,000. In Sept/Oct the Median Sold dropped to a total of $852,900.

Thoughts

Notable in this snapshot is the measured level that average prices have maintained while appearing to ingnore dropping sales.

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

When Life Moves You - contact Larry:

*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

Comment On This Post

will not be published
http://www.yourwebsite.com