So, the numbers are out, so lets take a look at whats been happening in our home town of Richmond, BC

For single family homes, a benchmark price  of 2.135M  represents a 1% drop since 12 months ago. 

However, the amount of sales almost doubled since September, with a 29% sales ratio
And...if it was a home less than 1.75M, it was almost certain that it would be selling within the month.

Most popular neighbourhood:  The steveston village area at a whopping 57% sales ratio

And if you're looking to buy a property, you may want to check out the McNair and Quilchena areas and the 50 properties they have on the market


For condos and townhomes, there was a decrease of 2.5% in benchmark price since the previous year while townhomes were up 1% since last year

For sales, its a sales ratio of 18% which shows a balance market, but still down from 22% last month

Most popular area: the Steveston North and Village area both sharing a 50% sales ratio

And if you;re looking to buy, you might want to check out the brighouse area as the inventory shot up to 409 proprties


So, this is whats been happening in our home town of Richmond for the month of October. Hope this information helps.

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