Metro Vancouver

RICHMOND

APRIL 2024

Price Band & Bedroom DETACHED HOUSES

Community DETACHED HOUSES

SnapStats® $0 - 800,000

Inventory

Sales

Sales Ratio

SnapStats®

Inventory

Sales

Sales Ratio

7 0 0

0 0 0 1 3

NA NA NA

Boyd Park Bridgeport Brighouse

14

3 1 0 0 4 4 2 2 0 5 4 6 7 0 0 5 2 1 5 1 4 2 8 4 2 1 5 3 5

21% 17%

800,001 – 900,000 900,001 – 1,000,000

6 9 2

NA NA

1,000,001 – 1,250,000 1 1,250,001 – 1,500,000 9 1,500,001 – 1,750,000 31 1,750,001 – 2,000,000 74 2,000,001 – 2,250,000 30 2,250,001 – 2,500,000 49 2,500,001 – 2,750,000 36 2,750,001 – 3,000,000 59 3,000,001 – 3,500,000 63 3,500,001 – 4,000,000 37 4,000,001 – 4,500,000 19 4,500,001 – 5,000,000 13 5,000,001 – 5,500,000 3 5,500,001 - 6,000,000 3 6,000,001 - 6,500,000 1 6,500,001 - 7,000,000 3 7,000,001 - 7,500,000 0

100%

Brighouse South Broadmoor East Cambie East Richmond Garden City

33% 58% 26% 27% 20% 25% 14%

56 10

7%

18 19

40% 40% 13% 17% 20% 27% 37% NA

5

8

16

10

Gilmore Granville Hamilton Ironwood Lackner McLennan Quilchena Riverdale Saunders Sea Island McNair

1

9 8 5 2 1 0 2 0 0 0 0 0

30 20 22 19 11 23 23 16 7 3 23 10 14 17 10 31 9 4 25 7

8% 5% 5%

NA NA

NA

McLennan North

67%

45%

NA NA NA NA NA

9% 4%

31% 25% 16% 29% 35% 40% 22% 29% 30% 16% 19% 7%

7,500,001 & Greater

5

Seafair

TOTAL*

443

86

19%

South Arm

Steveston North Steveston South Steveston Village

2 Bedrooms & Less 3 to 4 Bedrooms 5 to 6 Bedrooms 7 Bedrooms & More

15

1

7%

143 260

35 46

24% 18% 16% 19%

Terra Nova West Cambie Westwind Woodwards

25

4

TOTAL*

443

86

SnapStats®

March

April 443

Variance

TOTAL*

443

86

Inventory

386

15% 10% -9% 1% -18%

Solds

78

86

Sale Price

$2,091,944 $2,055,000 -2%

Sale Price SQFT

$805 96%

$733 97%

Sale to List Price Ratio

Days on Market

22

18

*Sales Ratio suggests market type and speed (ie Balanced 12-20%.) Refer to YTD reports for sustained periods. If >100% MLS® data reported previous month’s sales exceeded current inventory count.

Market Summary

• Market Type Indicator RICHMOND DETACHED : Balanced Market at 19% Sales Ratio average (1.9 in 10 homes selling rate) • Homes are selling on average 3% below list price • Most Active Price Band** $1.5 mil to $1.75 mil with average 58% Sales Ratio (Sellers market) • Buyers Best Bet** Homes between $3.5 mil to $4.5 mil, Broadmoor, Quilchena, Riverdale, Terra Nova and up to 2 bedrooms • Sellers Best Bet** Selling homes in East Cambie, McNair, Steveston South 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

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

$2,091,944 $2,055,000

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

$1,925,000 $1,853,000

443

437

435

429

421

405

394

386

365

360

334

323

302

105

94

91

86

78

73

68

60

57

53

51

41

36

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

JAN

FEB

MAR

APR

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 May 1, 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.