Metro Vancouver

STATS DET RICHMOND MARCH 2024 Price Band & Bedroom DETACHED HOUSES Community DETACHED HOUSES SnapStats® Inventory Sales Sales Ratio SnapStats® Inventory Sales Sales Ratio $0 - 800,000 5 1 20% Boyd Park 14 1 7% 0 0 NA Bridgeport 4 0 NA 0 0 NA Brighouse 9 0 NA 0 1 NA* Brighouse South 2 0 NA 5 1 20% Broadmoor 39 6 15% 24 12 50% East Cambie 8 3 38% 48 18 38% East Richmond 8 0 NA 28 11 39% Garden City 13 1 8% 53 7 13% Gilmore 2 0 NA 36 14 39% Granville 24 5 21% 61 6 10% Hamilton 15 1 7% 57 5 9% Ironwood 23 5 22% 21 2 10% Lackner 21 5 24% 19 0 NA McLennan 6 2 33% 12 0 NA McLennan North 3 1 33% 4 0 NA McNair 12 6 50% 5,500,001 - 6,000,000 3 0 NA Quilchena 20 1 5% 6,000,001 - 6,500,000 2 0 NA Riverdale 20 5 25% 6,500,001 - 7,000,000 3 0 NA Saunders 14 4 29% 7,000,001 - 7,500,000 0 0 NA Sea Island 4 0 NA 7,500,001 & Greater 5 0 NA Seafair 25 6 24% TOTAL* 386 78 20% South Arm 7 1 14% Steveston North 17 10 59% 2 Bedrooms & Less 13 1 8% Steveston South 7 3 43% 3 to 4 Bedrooms 123 32 26% Steveston Village 8 2 25% 5 to 6 Bedrooms 224 41 18% Terra Nova 17 1 6% 7 Bedrooms & More 26 4 15% West Cambie 11 4 36% TOTAL* 386 78 20% Westwind 8 2 25% Woodwards 25 3 12% SnapStats® February March Variance TOTAL* 386 78 20% Inventory 365 386 6% Solds 68 78 15% Sale Price $2,195,000 $2,091,944 -5% Sale Price SQFT $782 $805 3% Sale to List Price Ratio 97% 96% -1% Days on Market 22 22 0%

Market Summary

Market Type Indicator RICHMOND DETACHED: Balanced Market at 20% Sales Ratio average (2 in 10 homes selling rate) Homes are selling on average 4% below list price Most Active Price Band** $1.5 mil to $1.75 mil with average 50% Sales Ratio (Sellers market) Buyers Best Bet** Homes between $3 mil to $3.5 mil, Boyd Park, Garden City, Hamilton, Quilchena and Terra Nova Sellers Best Bet** Selling homes in McNair, Steveston North and 3 to 4 bedroom properties **With minimum inventory of 10 in most instances

SALE PRICE

INVENTORY

SOLDS

$2,245,000

$2,219,000 $2,195,000

13 Month Market Trend

$2,050,000 $2,030,000 $2,050,000 $2,010,000 $2,100,000

$2,091,944

$1,950,000 $1,925,000

$1,925,000

$1,853,000

437

435

429

421

405

394

386

365

360

334

323

315

302

105

94

93

91

78

73

68

60

57

53

51

41

36

MAR

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Compliments of...

Maria Senajova Personal Real Estate Corporation Stilhavn Real Estate Services

VancouverUrbanHomes.com

604.657.1110

maria@vancouverurbanhomes.com

©2010-2024 SnapStats® Publishing Co. All rights reserved. No part of this publication may be reproduced, copied, posted on the internet or forwarded in any printed or electronic format without written permission. This report data was captured on April 2, 2024 from Greater Vancouver REALTORS® MLS database. Refer to our YTD reports for sustained periods of the Sales Ratio %. The accuracy and completeness of the information is not guaranteed. In providing this information SnapStats® or Maria Senajova do not assume any responsibility or liability. More info at snap-stats.com.