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September 2024


Blog by Ray Estrella | October 7th, 2024


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

For single family homes, we saw an increase of sales of 15% from the previous month.  

On top of that we also saw a much better average days on the market. 
In August, it was an average of of 23 days on the market, for september it was 2 weeks.
That range from 1.5 million to 2.25 million have a sales ratio of 21% This price range represents a sellers market.
Most popular area in Richmond for single family homes, the East Cambie area with a 25% sales ratio

And, if you're looking for a property, you may want to check out the Lackner and the West Cambie area and the 50 properties they have on the market. 

For apartments and townhomes, you're looking at a sales ratio of 19%, as compared to 7% less in August
If you have an apartment thats in that entry level price range, the sales ratio for these are 50%, with all properties from 500,000 to 800,000 all at sellers market ratios
And all this with an increase of inventory of 30% since last month
Most popular neighbourhood apartments and townhomes,....Boyd Park with a 56% selling ratio. 
And if you're looking for a property, you may want to check out the McLennan north and the 71 properties they have on the market, most of them being townhomes. 

Well, this is whats been happening in our home town of richmond Hope this information helps, cheers


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