Homes For Sale, Richmond BC-West Side


Blog by Arnold Shuchat | August 29th, 2012


West of No 3 Rd. as of today, there are 742 single family detached homes for sale in Richmond, B.C. representing over $1 Billion dollars of property waiting to be sold.
The bulk of these listings are distributed by price bracket as follows:

Price Bracket #of Properties  #sold last 30 days  % of those listed

  <$700,000 9 2 22
  $701-800k 41 1 2
  $801-900k 72 3 4
  $901-1000k 88 3 3
  $1001-1100k  68 0 0
  $1101-1200k 59 5 8
  $1201-1300k 58 2 3
  $1301-1400k 50 1 2
  $1401-1500k 41 1 2
  $1501-1600k 37 0 0
  $1601-1700k 42 2 5
  $1701-1800k 30 0 0
  $1801-1900k 23 2 9
  $1901-2000k 20 0 0
  $2001+ 38 2 5* (larger category of pricing)

On average, only 3% of properties listed actually sold.  A review of the pricing spread between sold price to asking price shows an average spread of 7%. But who wants to be average when the market is so skewed?