Best Deals on Detached Homes-Richmond BC


Blog by Arnold Shuchat | October 19th, 2012


Looking for the best deal on a house for sale in Richmond BC? If you couldn't already tell from this blog, I like to keep my eyes on the sales statistics to get a feel for where opportunities are in my markets.  For example, I looked at all of the Sales of Single Family Detached Homes in Richmond over the last 30 days and compared the sales prices with the highest original asking price.  The results were shocking and were as follows:

Out of the 43 sales of single family homes:

% Price Decline # of Homes Sold
0-10%     20
11-20% 10
21-30% 12
30%+ 1

It is extraordinary to find such a high percentage of homes sold having such a high percentage price reduction.  But from a buyer's point of view, the statistics are encouraging and truly indicate a buyer's market.  The trick is to be able to find those homes...... and that takes a phone call!