Richmond Real Estate Market Report-Single Family Homes


Blog by Arnold Shuchat | March 15th, 2013


Price Bracket #of Properties  #sold last 30 days  % of those listed
  <$700,000 9 1 11
  $701-800k 42 5 12
  $801-900k 73 3
$901-1000k 88 2
$1001-1100k 57 0
$1101-1200k 58 3 5
  $1201-1300k 50 3 6
  $1301-1400k 49 0 0
  $1401-1500k 36 0
$1501-1600k 42 2 5
  $1601-1700k 39 1 3
  $1701-1800k 31 0 0
  $1801-1900k 23 0 0
  $1901-2000k 23 0 0
  $2001+ 96 3 3* (larger category of pricing)
The following table looks at the real estate activity for the different neighbourhoods in Richmond, B.C. for the 1st 2 weeks of March, 2013 for single family homes. 

The numbers for perhaps, the last three days may not yet be reported, but activity which was increasing modestly appears to have been arrested.  It could have to do with the transition fo the HST rules which after April 1, 2013 becomes GST again with a substantial savings on brokerage fees.  Waiting until after April 1, 2013 will save an owner thousands of dollars.

These are the worst numbers I have seen in a long time in terms of activity!

Neighbourhood Properties For Sale   #Sold Last 30 days  % of those For Sale

Sea Island 2 0 0
Bridgeport 14 0 0
West Cambie 35 1 2.9
East Cambie 35 0 0
Terra Nova 42 0 0
Riverdale 63 0 0
Quilchena 34 0 0
Granville 65 1 1.5
Seafair 81 1 1.2
Boyd Park 21 0 0
Lackner 42 0
Steveston Village 32 2 6.3
Steveston North 46 0 0
Steveston South 27 2 7.4
Westwind 24 1 4.2
Woodwards 61 1 1.6
Broadmoor 82 0 0
Garden City 44 1 2.3
Saunders 73 1 1.4
Southarm 18 0 0
Brighouse 4 0 0
Brighouse South 2 0 0
McLennan North 19 0 0
Gilmore 6 0 0
McLennan 20 0 0
McNair 17 0 0
Ironwood 30 0 0
East Richmond 21 1 4.8
Hamilton 24 1 4.2
Totals:
1st half of March 954 13 1.3