Richmond Real Estate Sales Report

Blog by Arnold Shuchat | February 6th, 2013

The following is a summary of the real estate sales in Richmond over the last 5 days:

Firstly, of the 140 properties that have been sold in Richmond since January 1, 2013, 38 have been sold in the last 5 days. One would expect an increase in the rate of sales follwing the new year as activity begins anew.  The rate of sales per day so far all year has been: 3.78 whereas the rate of sales over the last 5 days (and today is not over) has been 7.6/Day.

The average priced unit was $550,711 and the median price was $444,800.

The price breakdown of the sales was as follows: 

Price # Sold

$100-200k 3
200-300k 8
300-400k 5
400-500k 3
500-600k 2
600-700k 3
700-800k- 5
800-900k- 2
900-1,000k- 0
1,000-1,110k 1
>1,100k- 2

24 properties were condos.
13 were single family homes.
1 was a multi-family property.

Big surprise?  The cheap stuff is outselling the expensive stuff in a big way.

The top selling areas ranked by number of units sold were:

Area Units Sold

Brighouse S 7
Brighouse 6
McLenan N 4
Granville 3
Steveston North 3

Of the sold units, 24 were condos, 13 were single family homes and 1 was a multi-family property.*

*(as of 2:28 pm)