Take Your Turn in The Richmond Market

It’s Your Turn

The third in a series of seven community real estate snapshots, is about Richmond.

I usually have something to say about this or that. For a change up it seemed fair to make this post about you. It’s your turn to a say something other than ‘bloodbath’, the ‘world is ending’ or some other typical bear/bull statement that adds nothing to understanding. If you are nice, I’ll post the comment. If you are cranky forget it!

Bottom line – Friday’s are for fun. Most people read comments so let’s have some. Be brilliant and make the most of Your Turn!

This snapshot of Richmond covers two periods that extend from February 25 to April 24, 2012.

Total Listings

Total listings dropped from 1,191 in the Feb/Mar to 1,185 in Mar/Apr.

Homes Sold

Sales took a hit as they dropped from Feb/Mar’s 101 to Mar/Apr’s 72.

Expired, Days on Market

  • Expired listings totaled 63 in Feb/Mar and 86 in Mar/Apr.
  • Days to sell increased from Feb/Mar’s 45 to 50 in Mar/Apr.

Richmond Detached Homes Average and Median Prices

  • Feb/Mar’s Average Ask price was $1,230,082. Mar/Apr was $1,093,497.
  • The Median Ask price in Feb/Mar $988,000. It changed in Mar/Apr to $993,000.
  • Feb/Mar’s Average Sold price was $1,162,398. Mar/Apr’s was $1,046,359.
  • The Median Sold price in Feb/Mar $943,000. Mar/Apr was $949,250.

It’s Your Turn! 🙂

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.

Reader Comments:

Joe q Says:
April 28th, 2012 at 6:29 am

Larry, thanks for the graphs – this is great data and I send links to everyone I know.

It would be great if you kept the historical data you’ve tracked in the charts as well (i.e. have bars for jan/feb, feb/mar and mar/apr)

Thanks

vangrl Says:
April 28th, 2012 at 10:09 am

hey Larry,

have you been hearing from any realtors that their clients are having a harder time getting approved for mortgages?

on a non-cranky note, gotta love cherry blossom season!

and thanks for the community snapshot series, I can imagine it takes a lot of time to put together, much appreciated!

Village Whisperer Says:
April 28th, 2012 at 10:48 am

Your posts are appreciated, and read. Thanks.

Olga Says:
April 28th, 2012 at 11:44 pm

I am surprised to see that “Total listings dropped from 1,191 in the Feb/Mar to 1,185 in Mar/Apr” – when I drive around the town, it looks like there are “For sale” signs just about everywhere, especially they started to multiply recently – what was the cut off date for April data (it is still April, isn’t it?)?

April 29th, 2012 at 7:32 am

@olga
as per dates on graph

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