Real Estate Market Report-Richmond Homes


Blog by Arnold Shuchat | May 6th, 2013


Here is a frequency distribution for home sales in Richmond by price range over the last two weeks in April. Unit sales represent the number of units sold between the price on the row up until the next price level. Of the 92 properties reported sold as of the time of this report, only 16 or 17.5% fetched over $1,000k. The largest category of sales was still between $500-600k at 12 units.  Below, I will summarize the sales by neighbourhood.  15 days of sales in units as a fraction of total listings posted today rests at 4% whereas for the entire month of April the ratio sits at 11.4%.  I will review these same numbers for this period in a week or two to see if there is a significant reporting lag beyond 6 days after month end. Because, if 260 units sold for the entire month but ony 92 sold in the last two weeks of April, it doesn't bode well! 

PRICE   # OF UNITS

<$200k-5
<$300k-9
<$400k-16
<$500k-11 
<$600k-12
<$700k-7
<$800k-6
<$900k-7
<$1000k-3
<$1100k-5
<$1200k-1
<$1300k-2
<$1400k-2
<$1500k-1
<$1600k-1
<$1700k-0
<$1800k-0
<$1900k-0
<$2000k-0
<$2100k-2
>$2200k-1

Bridgeport-1
West Cambie-2
East Cambie-4
Terra Nova-4
Riverdale-6
Quilchena-3
Granville-0
Seafair-1
Boyd Park-1
Lackner-2
Steveston Village-2
Steveston North-2
Steveston South-6
Westwind-4
Woodwards-2
Garden City-3
Saunders-5
Southarm-1
Brighouse-18
Brighouse South-9
McLennan North-7
Ironwood- 0
McNair-2
Hamilton-2