The numbers are out, so lets take a look at whats been going on in our home town of Richmond BC

For single family homes, the benchmark price showed increase of 3.1% since last year. 

This is interesting...Sales ratio for single family homes at 10%.  This is typically what happens when a lot more inventory comes onto the market than buyers.

The most popular area for the month of April...McNair at a 45% selling ratio.  

And for buying, as i mentioned, the sales ratio is at a low at 10%.  You may want to see whats been on the market for more than a month. 

As for apartments and townhomes, same story as the single family homes market with a significant increase in inventory. Selling ratio shows at 21%, just on the lhigh end of a balanced market.

Most popular area, the Boyd Park area which cannot keep up with the demand.  
And if yyou're looking to buy, you may want to look at the birdgeport area which includes the newer condos nearby the bridgeport skytrain.  This area has a good amount of inventory with some good location benefits. 

Hope you found this information helpful. Cheers

richmond realtor
richmond real estate
richmond townhomes
richmond homes for sale
richmond condos for sale
steveston homes for sale
steveston townhomes for sale
ironwood homes for sale
ironwood townhomes for sale