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

Jul 1, 2024

gas gauge

Current: Richmond is in a Stable Market with average Listings, 12 % SOLD rate and a 98% Sell/List Ratio.
                       (This means that there is an average of $48,000 Discount on a sale from the original list price)

Most Active Range: Homes below $1.65 mill. have 25.0 %SOLD  rate.
Least Active Range: Homes between $3.0 mill.-$3.4 mill have 3.4 %SOLD  rate.

History: The Richmond Year-To-Date Home Price Index HPIp (Top 50%) shows that prices decreased $8,613.
                The Richmond Year-To-Date Home Price Index HPIp (Lower 50%) shows that prices increased $25,883.
                *The HPIp (Home Price Index) is an approximate reflection of the Average Home Price Changes.

Forecast: Richmond has 489 homes are for sale and with the 12 %SOLD monthly rate gives us a ~8 months of inventory. 6% of the active listings have reduced their price by $138,000 on average or $99,000 median for the last month. We project Richmond now to be in a Stable market.

Greater Vancouver June 2024:

In Greater Vancouver, the price of single-family homes went up by an average of $9,848, which is a substantial reduction from the $22,450 increase in May. The housing market continues to experience pressure as home buyers are still waiting for a bigger drop in interest rates, which we are now expecting this fall.  We predict that the Metro Vancouver area is now a buyer's market and will stay that way for the next few months.

Last month, the average price of condos went down by $7,295, but townhouse prices actually went up by $2,120. We think the condo and townhouse markets have stabilized and will be a buyer's market in Vancouver for the next few months.

For the latest market trends, join us every Saturday at noon on VancouverMarketReports.com. We discuss which areas in the Lower Mainland are doing well and which are not. For a complete update on market values, forecasts, and a detailed analysis of your neighborhood, contact Bill Coughlin and the Coughlin Team at 778-374-3744.

 

 

Fraser Valley June 2024:

In Fraser Valley, the price of single-family homes increased by an average of $1,063, which is a similar increase that we saw in May. The housing market continues to experience pressure as home buyers are still waiting for a bigger drop in interest rates, which we are now expecting this fall. We predict that the Fraser Valley area is now a buyer's market and will remain so for the next few months.

Last month, the average price of condos went down by $5,499, and townhouse prices also decreased by $2,253. We think the condo and townhouse markets have stabilized and will be a buyer's market in Vancouver for the next few months.

For the latest market trends, join us every Saturday at noon on VancouverMarketReports.com. We discuss which areas in the Lower Mainland are doing well and which are not. For a complete update on market values, forecasts, and a detailed analysis of your neighborhood, 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       

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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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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