Terra Nova Real Estate Report Richmond,BC


Blog by Arnold Shuchat | November 23rd, 2012


IN the last 14 days in Terra Nova, there have been 8 new listings for property, 3 of which have been single family homes and 5 have been condos or townhouses. In the last 30 days, 8 single family homes in Terra Nova have been either delisted, cancelled or expired.  This is a significant reduction in available single family stock for sale.

One house and 2 townhouses have sold in the last 14 days in Terra Nova.
There has been 4 price changes on Terra Nova property of which 3 were price reductions on houses and the 4th was also a price reduction on a townhouse.

The price distribution of the property for sale is as follows:

<$1,000,000 1
$1,000,000-$1,100,000  0
$1,100,000-$1,200,000 4
$1,200,000-$1,300,000 5
$1,300,000-$1,400,000 8
$1,400,000-$1,500,000 9
$1,500,000-$1,600,000 7
$1,600,000-$1,700,000 1
$1,700,000-$1,800,000 2
$1,800,000-$1,900,000 1
$1,900,000-$2,000,000 2
$2,000,000+ 3

The median price is $1,490,000 for a 6 bedroom 3086 square foot house built in 1991. The median age for the housing stock for sale is 13 years.