Metro Vancouver

RICHMOND

APRIL 2024

Price Band & Bedroom CONDOS & TOWNHOMES

Community CONDOS & TOWNHOMES

SnapStats® $0 – 300,000

Inventory

Sales

Sales Ratio

SnapStats®

Inventory

Sales

Sales Ratio

7

4 0

57%

Boyd Park Bridgeport Brighouse

3

7 3

233%*

300,001 – 400,000 400,001 – 500,000 500,001 – 600,000 600,001 – 700,000 700,001 – 800,000 800,001 – 900,000 900,001 – 1,000,000

16 20 58 98

NA

18

17% 26% 48% 44% 38% 33%

15 30 46 34 34 23 33 19

75% 52% 47% 32% 40% 23% 25% 22% 12%

310

81 32

Brighouse South Broadmoor East Cambie East Richmond Garden City

67

9 8 3 6 0

4 3 1 0 0 2 7 4 2 0 1 1 5 4 0 1 1 2 7 2 3 1 3

106

86

100

NA NA

1,000,001 – 1,250,000 130 1,250,001 – 1,500,000 87 1,500,001 – 1,750,000 33 1,750,001 – 2,000,000 19 2,000,001 – 2,250,000 4 2,250,001 – 2,500,000 9 2,500,001 – 2,750,000 1 2,750,001 – 3,000,000 3 3,000,001 – 3,500,000 2 3,500,001 – 4,000,000 4 4,000,001 – 4,500,000 0 4,500,001 – 5,000,000 0

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

10 22 15

20% 32% 27%

4 0 0 0 0 0 0 0 0 0 0

NA NA NA NA NA NA NA NA NA NA

2 0 1 2 7 8 0 2 7 5 3 6 1 9

100%

NA

McLennan North

48

21

44%

100% 50% 71% 50% 50% 14% 40% 23% 67% 50% 24% 33% 31% NA 100%

5,000,001 & Greater

2

Seafair

TOTAL*

785

242

31%

South Arm

Steveston North Steveston South Steveston Village

0 to 1 Bedroom

150 362 208

62

41% 32% 25% 20% 31% 18% 21% -4% -6% -15%

30

2 Bedrooms 3 Bedrooms

115

52 13

Terra Nova West Cambie Westwind Woodwards

4 Bedrooms & Greater

65

183

44

TOTAL*

785

242

SnapStats®

March

April 785 242

Variance

TOTAL*

785

242

Inventory

668 200

Solds

Sale Price

$827,500 $759,400 -8%

Sale Price SQFT

$850

$815

Sale to List Price Ratio

103% 97%

Days on Market

13

11

*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 ATTACHED : Sellers Market at 31% Sales Ratio average (3.1 in 10 homes selling rate) • Homes are selling on average 3% below list price • Most Active Price Band** $400,000 to $500,000 with average 75% Sales Ratio (Sellers market) • Buyers Best Bet** Homes between $1.5 mil to $1.75 mil, Bridgeport and minimum 4 bedroom properties • Sellers Best Bet** Selling homes in Brighouse South, Saunders and up to 1 bedroom properties **With minimum inventory of 10 in most instances

SALE PRICE

INVENTORY

SOLDS

$846,000 $827,500

13 Month Market Trend

$791,250 $797,000 $797,440

$788,000 $792,500

$773,000

$759,400

$750,000

$749,000 $765,000 $745,500

785

722

714

693

668

649

644

630

628

627

581

578

535

277

264

254

242

242

230

200

180

170

163

126

121

121

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.