So, the numbers are out, lets take a look at happened in our home town of richmond for the month of July

Single Family Homes: 
-Benchmark price of 2.188,000, This represents a 9% jump from June. 
-As for amount of sales, am 18% decrease since last month.  **Don't expect this number to get any bigger for the month of august. This is our typical annual pause, which can pose an oppurtunity to pounce on a lot of inventoy that still on the market
-Overall, we're seeing a sales ratio of 12%. which will most likely going to head into the August month.
-Most popular area: the steveston north and south area: both combining at a 45% sales ratio
-And if you're looking at a lot of options for inventory, might want to check out the Quilchena area.

The quilchena area has a lot of these properties called zero-lot-line, which visually look like a duplex, but actually a single family home built right at the line of the lot.  Typically a lot more addordable than the typical single family home, but its a great type of property to get into the single family market. 

Condos: 
Sales ratio is at 20%, which represents a 5% increase in sales since last month.
-for any type of entry level property, from 1 to bedroom at a price range maxing at 600k, the sales ratio is hovering at aroune 30% which is something good to see especially if you're transitioning to another property to purchase
-And just like the single family market, the stevston north and south neighbourhoods are the most popular areas with a43% sales ratio between the two.


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