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?

Nov 1, 2020

gas gauge

Current: Richmond is in a Stable Market with average Listings, 14 %SOLD rate and a 96% Sell/List Ratio.
                       (This means that there is an average of $49,000 Discount on a sale from the original list price)

Most Active Range: Homes below $1.15 mill. have 36.0 %SOLD  rate.
Least Active Range: Homes above $3 mill. have 4.3 %SOLD  rate.

History: The Richmond Year-To-Date Home Price Index HPIp (Top 50%) shows that prices increased $51,147.
               The Richmond Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $53,649.
                *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Richmond has 589 homes are for sale and with the 14 %SOLD monthly rate gives us a ~7 months of inventory. 6% of the active listings have reduced their price by $97,362 on average or $77,500 median for the last month. We project Richmond to be a continued Stable market.

October's Real Estate Statistics shows that in this highly emotional market that all 100% of the Single-Family Homes in Metro Vancouver are in a Seller's Market. This is the 1st time all markets are rising since May 2017. The Average Monthly Prices increased $19,518 which is the highest increase we have seen this year or for any October on record. Same in Fraser Valley, 94% of market increased with $23,580 monthly price increase. Thus, we are forecasting that Lower Mainland Markets (both fraser Valley and Metro Vancouver Markets) will continue to be Seller’s Market for the coming month.

Currently, Condos are also in a much cooler Seller's Market with 60% of the Greater Vancouver (Lower Mainland) Condo Prices increasing. The average monthly price increase was $1,238. At the same time, 27 out of 28 Townhouse Markets increased an average of $2,980. We analyze and provide 97 individual City's Home Price Indexes to supply you with the MOST ACCURATE Market Trends every Saturday. Please contact us for your own Market Value Update with an in-depth Analysis and Forecast in your Local Market Area and more specifically - Your Neighborhood.


   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 $1,700,000       

What Is Your Home Value, Profit; Return On Investment?
              你的房屋价值 ,利润, 投资收益率知多少?


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                                                    计算你的房产价值;     与130的本地和全球市场比较你的投资利润
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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