Richmond Real Estate Market Report

Blog by Arnold Shuchat | August 3rd, 2016

Here is a look at the latest market statistics. August will be the month from which to measure the effects of the new Property Purchase Tax on Foreigners going forward.  The tax became effective August 2.

Check out the progress the Richmond market has made to date in 2016. Price growth appears to be relaxing somewhat, but the larger indicator is the SFD inventory level.  The second graph shows SFD inventory at almost its highest level since the October crash of 2008 and the lows of August 2012.