Richmond Real Estate Report: New House Prices...Big Changes!


Blog by Arnold Shuchat | June 18th, 2018


Here is a table of all single family homes in Richmond that have been on the market for at least 280 days and which are less than 2 years old having lot sizes in excess of 6000 sq ft.

I produced this list to answer the question as to what is going on with the price of new properties that have been listed for at least 280 days.  Included here are the largest prices changes on each listing since the properties were listed on the MLS.  The average price reduction is 11% of $460,628 and the average length of time the properties were on the market has been 386 days... over a year.

Current Highest  Price  % Price Days on $/sq ft Total Total  Floor
Address List Price Price Change Change MKT BRs Baths Area
4728 LANCELOT COURT $2,598,000 $2,798,000 -$200,000 -7% 372 $762 5 6 3,410
3726 SPRINGFIELD DRIVE $2,658,000 $2,888,000 -$230,000 -8% 323 $796 5 6 3,338
3571 NEWMORE AVENUE $2,688,888 $2,688,000 $888 0% 321 $752 5 6 3,578
3771 ROSAMOND AVENUE $2,799,000 $3,180,000 -$381,000 -12% 356 $751 5 6 3,727
9380 PIERMOND ROAD $2,880,000 $2,980,000 -$100,000 -3% 381 $850 5 5 3,389
6331 KALAMALKA CRESCENT $2,888,000 $3,299,000 -$411,000 -12% 532 $802 5 6 3,600
8600 FAIRFAX CRESCENT $2,980,000 $3,588,000 -$608,000 -17% 297 $884 5 6 3,372
6480 CHATSWORTH ROAD $3,390,000 $4,288,000 -$898,000 -21% 393 $869 5 6 3,900
4820 WEBSTER ROAD $3,499,800 $3,988,000 -$488,200 -12% 407 $943 5 6 3,712
10060 DEAGLE ROAD $3,590,000 $4,888,000 -$1,298,000 -27% 354 $893 5 6 4,020
7871 BROADMOOR BOULEVARD $3,680,000 $4,688,000 -$1,008,000 -22% 595 $1,010 5 6 3,645
7111 PETTS ROAD $3,788,000 $3,988,000 -$200,000 -5% 344 $1,010 5 6 3,749
7391 WATERTON DRIVE $3,790,000 $4,960,000 -$1,170,000 -24% 348 $955 5 6 3,969
8380 LUNEN ROAD $3,980,000 $4,280,000 -$300,000 -7% 560 $1,028 5 6 3,872
10777 SPRINGMONT DRIVE $3,990,000 $3,980,000 $10,000 0% 452 $920 6 7 4,337
6631 WOODWARDS ROAD $4,680,000 $4,998,000 -$318,000 -6% 283 $1,153 5 6 4,059
6180 RIVERDALE DRIVE $4,980,000 $4,980,000 $0 0% 291 $1,235 5 6 4,032
4246 RIVER ROAD $5,288,000 $5,980,000 -$692,000 -12% 343 $1,346 5 7 3,928
AVERAGES -$460,628 -11% 386 $942