The Richmond Housing Market Forecasts and Trends

 


   Richmond  Market Reports and Forecasts  
  
  Previous Reports 

Richmond Market Update (Detached) namely: Lackner, Riverdale, Granville, Seafair, Broadmoor and all the sub-areas of Richmond Real Estate Market Update Report.

       What are Richmond's Best and Worst Investments?

Archive Peak to Date Price Changes

May 1, 2024

gas gauge

Current: Richmond is in a Stable Market with average Listings, 14 % SOLD rate and a 98% Sell/List Ratio.
                       (This means that there is an average of $86,900 Discount on a sale from the original list price)

Most Active Range: Homes below $1.65 mill. have 27.9 %SOLD  rate.
Least Active Range: Homes above $4 mill. have 5.8 %SOLD  rate.

History: The Richmond Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $79,000.
                The Richmond Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $68,954.
                *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Richmond has 463 homes are for sale and with the 14 %SOLD monthly rate gives us a ~6 months of inventory. 6% of the active listings have reduced their price by $157,710 on average or $130,000 median for the last month. We project Richmond now to be in a Stable market.

Greater Vancouver April 2024:

Single-family detached home costs have increased on average by $11,953, slightly less than the $18,256 average rise observed in March. Although fixed mortgage rates have dropped significantly, it seems that buyer confidence is dependent on the Bank's policy rate falling as well, which could entice some buyers to enter the market. We forecast that the seller-friendly real estate market will switch to a buyers within the month.

In Vancouver, the average cost of 78% of condominiums has declined by $536. However, townhouses are selling for an average of $2,505 presently as opposed to $10,973. We forecast the sellers' market to end within the next month.

For the most accurate and up-to-date market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, please don't hesitate to contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 

Fraser Valley April 2024:

Single-family detached home costs have increased on average by $4,367, slightly less than the $13,015 average rise observed in March. Although fixed mortgage rates have dropped significantly, it seems that buyer confidence is dependent on the Bank's policy rate falling as well, which could entice some buyers to enter the market. We forecast that the seller-friendly real estate market will switch to a buyers within the month.

In Fraser Valley, the average cost of 75% of condominiums has gone up by $3,141. However, townhouses are selling for an average of $7,202 presently as opposed to $9,716. We forecast the sellers' market to end within the next month.

For the most accurate and up-to-date market trends, join us every Saturday at noon on VancouverMarketReports.com, where we analyze the winners and losers in each Lower Mainland city. For a comprehensive market value update, including forecasts and a thorough analysis of your neighborhood and local market area, please don't hesitate to contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 

   

   Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

 

   We invite you to analyze your home value/investment in 30+ market areas by inputting your previous purchase price and date in the Evaluator below! See "Evaluator / Forecaster" movie for directions. To see your homes monthly price changes from now on, just email your report to yourself. (3 bars link to email function)

 

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   Richmond's Home Evaluator / ROI / Forecaster
Single Family Detached High End .. more than $2,000,000       

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              你的房屋价值 ,利润, 投资收益率知多少?


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Calculate Your Home Value & Compare Your ROI to 130 Local & World Markets. 
           

 
 
 
 
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The Richmond City Real Estate Market update which includes sub-areas such as Granville, Seafair, Broadmoor, Lackner, Riverdale are Sponsored by Biggar Group, RE/MAX West Coast.
We thank Taylor and Larry Biggar for their support of these Market Updates. Contact Biggar Group as the Local Expert.
  more details 

The Richmond City Market Statistics includes sub-areas such as  Granville, Seafair, Broadmoor, Lackner, Riverdale RI

The Richmond City Market Statistics includes sub-areas such as  Granville, Seafair, Broadmoor, Lackner, Riverdale RI

The Richmond City Market Statistics includes sub-areas such as  Granville, Seafair, Broadmoor, Lackner, Riverdale RI

The Richmond City Market Statistics includes sub-areas such as  Granville, Seafair, Broadmoor, Lackner, Riverdale RI

Download the full RichmondMarketupdatereport.PDF

 

The Richmond City Market Statistics which includes sub-areas such as  , Lackner, Riverdale RI, Granville, Seafair, Broadmoor

The Richmond City Market Statistics which includes sub-areas such as  , Lackner, Riverdale RI, Granville, Seafair, Broadmoor

 

The Richmond City Market Statistics which includes sub-areas such as  , Lackner, Riverdale RI, Granville, Seafair, Broadmoor

The Richmond City Market Statistics which includes sub-areas such as  , Lackner, Riverdale RI, Granville, Seafair, Broadmoor

The Richmond City Real Estate Market report includes sub-areas such as Riverdale RI, Granville, Broadmoor, Lackner, Seafair etc

Click Image to compare previous STR/ MTI graphs            Trying to do the math? Lessons:  STR   MTI 

Ladner, South Delta, Real Estate Market Update Report


 

The Richmond City Market Statistics includes sub-areas such as Seafair, Riverdale RI, Granville, Lackner, Broadmoor etc. See the analytics to forecast the investment risks. Link

Hi from Sunny Richmond  ...Talyor Biggar   Go to our website for more info at  Steveston Real Estate & Steveston Community Info

Larry and Taylor Biggar

Richmond + Ladner STR

This is the most accurate  %SOLD-Monthly Sell Through Rates (STR Graph)  using a 4 week time period to analysis the housing prices and Market trends. This Market Report is derived from the exact Sat to Friday 4 week time periods and this is dramatically more accurate than the month to month comparisons that vary based on actual working days eg month, weekends. These trends enable Real Estate Market predictions and forecast outlooks.

Real Estate Market Richmond , South Delta,Ladner Update Report.

Richmond Proper

Study Criteria   (Richmond Proper) Home size: 1500-2800 sqft,, Lot: 3800 7000 sqft, Age: 10-50 yrs, Bedrooms: 3-6

Disclaimer: Market predictions are exactly that: predictions. Market conditions are changing daily and you should consult with your local expert to confirm facts before making any decisions.

Archives  March 2. 2011: May 15 2011 

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