Courtesy of Lynn Sakai-Boden

Richmond Market Report for June 2025

Benchmark Price

$708,800 apartment DOWN 5.1% year-to-year

$2,117,100 detached DOWN 3.7% year-to-year

243 SOLD LISTINGS

33.5% SALES TO NEW LISTING RATIO

726 NEW LISTINGS

59 124

detached

apartment

Home sale trend stabilizing in June

Vancouver, July 3, 2025 – “On a trended basis, signs are emerging that sales activity is rounding the corner after a challenging first half to the year, with the year-over-year decline in sales in June halving the decline we saw in May,” said Andrew Lis, GVR’s director of economics and data analytics. “If this momentum continues, it may not be long before sales are up year-over-year, which would mark a shift toward a market with more demand than the unusually low demand we’ve seen so far this year.” The total number of properties currently listed for sale on the MLS ® system in Metro Vancouver is 17,561. The MLS ® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,173,100.

This represents a 2.8 per cent decrease over June 2024 and a 0.3 per cent decrease compared to May 2025. Sales of detached homes in June 2025 reached 657. The benchmark price for a detached home is $1,994,500. Sales of apartment homes reached 1,040 in June 2025. The benchmark price of an apartment home is $748,400. Attached home sales in June 2025 totalled 473. The benchmark price of a townhouse is $1,103,900. Statistics reflect market activity in June 2025 | Source: Greater Vancouver REALTORS ® (GVR) | Market values stated are of the benchmark of Richmond. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

Lynn Sakai-Boden Personal Real Estate Corporation Cell: 604-218-4800 Lynn@LynnsDreamHomes.com www.LynnsDreamHomes.com

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