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Update for Richmond for February 2024


Blog by Ray Estrella | March 7th, 2024


So here;s a look on whats been happening in our hometown of Richmond, BC


-For single family homes, benchmarch price reached 2.128 million, which represents a 3.6% growth since last year
-Selling ratio for single family homes at 19% which is a significant change from last month's 11%, which is only expected to increase as the spring market comes.
-The hottest neighbourhoods in all of richmond for single family homes?  Steveston Village the Sea Island neighbourhoods.
Steveston village may not come as a surprise, but with the market the way it is now, this Sea Island neighbourhood doesn't sound like a bad purchase option.
-And if you're looking for a property, you may want to check out the Steveston North area which is usually a popular neighbourhood, but we've seen some increased amount of inventory with only a few sales this month. 

For Condos and townhomes, nice and preparing for the spring market at 29% selling ratio as opposed to last month's 22%
Benchmark price for condos is sitting at 769,000, which represents close t a 6% increase since last year
Most popular area?  Mclennan north's townhouse market becoming prominent market once again
And if you're looking for a property, you may want to check whats available in the Hamilton area which is holding an inventory of24 listings with only 2 sales in the last month. 


Hope this information helps. 

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