So, the numbers just came out, so lets take a look at whats been happening in the month of May in our home town of RIchmond BC.

For single family homes, the benchmark price reached 2.218M, which represents a 1.2+ increase from last year.  

Last month, we saw an amount of inventory come onto the market more than buyers. For the month of may, same story!  With only a 12% selling ratio

Most popular neighbourhood? The Steveston Village area with a 56% sales ratio

And if you're looking to buy something, may want to check out the market in the Ironwood area and check out the 24 properties that are sitting on the market

For condos and townhomes, 

Last month, we saw a selling ratio of 21%. For the month of may, it dropped down to 10%, which means the inventory is pouring in.

And this shows it right here....1600 new listings in the last 2 months. 

The hottest area in Richmond: All areas of Steveston, thats pretty much seeing sales within 2 weeks of listing

And if you're looking to buy, as i said, with a sales ratio of 10% across richmond, you may want to see whats been sitting on the market for a month in all areas. 

Hope this information helps, thansk for watching.

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