Richmond Real Estate Report June 2016

REALTOR Report
A Research Tool Provided by the Real Estate Board of Greater Vancouver
Richmond
June 2016
Detached Properties
June
May
2016
2015
One-Year
Change
2016
2015
One-Year
Change
Total Active Listings
719
636
+ 13.1%
659
622
+ 5.9%
Sales
173
240
- 27.9%
209
225
- 7.1%
Days on Market Average
23
32
- 28.1%
23
32
- 28.1%
$1,700,200
$1,144,800
+ 48.5%
$1,643,400
$1,127,800
+ 45.7%
Activity Snapshot
MLS HPI Benchmark Price
Condos
June
May
2016
2015
One-Year
Change
467
1,045
- 55.3%
598
1,048
- 42.9%
Sales
337
190
+ 77.4%
323
178
+ 81.5%
33
51
- 35.3%
31
58
- 46.6%
$424,100
$362,800
+ 16.9%
$414,200
$357,800
+ 15.8%
Activity Snapshot
Townhomes
2016
2015
One-Year
Change
June
May
2016
2015
One-Year
Change
176
280
- 37.1%
160
256
- 37.5%
Sales
128
112
+ 14.3%
90
131
- 31.3%
14
33
- 57.6%
14
28
- 50.0%
$709,800
$546,800
+ 29.8%
$685,400
$539,700
+ 27.0%
Activity Snapshot
Sales-to-Active Ratio
2016
2015
One-Year
Change
Townhome
Condo
Detached
[72.7%]
[72.2%]
[24.1%]
120%
100%
80%
Seller's Market
60%
40%
20%
0%
Balanced Market
Buyer's Market
Current as of July 05, 2016. All data from the Real Estate Board of Greater Vancouver. Report 2016 ShowingTime. Percent changes are calculated using rounded figures.
REALTOR Report
Richmond
Detached Properties Report June 2016
Sales
Active
Listings
Avg Days
on Market
$99,999 and Below
$100,000 to $199,999
$200,000 to $399,999
$400,000 to $899,999
$900,000 to $1,499,999
Sales
Active
Listings
Benchmark
Price
One-Year
Change
Boyd Park
31
$1,692,600
+ 49.4%
Bridgeport RI
21
$1,258,500
+ 38.4%
Brighouse
12
$0
--
12
36
Brighouse South
$0
--
49
145
26
Broadmoor
10
38
$2,398,700
+ 53.0%
$1,500,000 to $1,999,999
58
231
21
East Cambie
25
$1,325,200
+ 40.5%
$2,000,000 to $2,999,999
45
207
22
East Richmond
19
$1,809,100
+ 53.1%
$3,000,000 and $3,999,999
17
71
24
Garden City
20
$1,644,400
+ 47.0%
Price Range
Neighbourhood
$4,000,000 to $4,999,999
20
30
Gilmore
11
$0
--
$5,000,000 and Above
26
Granville
35
$2,060,200
+ 48.1%
173
719
23
Hamilton RI
22
$1,050,100
+ 44.2%
Ironwood
25
$1,280,200
+ 45.8%
Lackner
11
42
$1,863,400
+ 51.2%
McLennan
31
$1,671,100
+ 49.5%
McLennan North
12
$1,629,400
+ 43.1%
McNair
25
$1,387,600
+ 48.4%
Quilchena RI
10
31
$1,823,600
+ 46.1%
Riverdale RI
15
33
$1,893,900
+ 49.3%
Saunders
10
27
$1,673,200
+ 53.4%
Sea Island
$905,100
+ 34.7%
Seafair
10
47
$1,758,100
+ 51.2%
South Arm
12
19
$1,428,200
+ 48.8%
Steveston North
50
$1,360,600
+ 46.7%
Steveston South
15
$1,614,300
+ 45.6%
Steveston Village
$1,467,200
+ 42.9%
Terra Nova
15
$2,292,300
+ 42.9%
West Cambie
38
$1,357,300
+ 41.2%
Westwind
12
$1,699,100
+ 47.6%
Woodwards
11
45
$1,703,000
+ 50.1%
TOTAL*
173
719
$1,700,200
+ 48.5%
TOTAL
* This represents the total of the Richmond area, not the sum of the areas above.
Sales
Active Listings
Detached Homes - Richmond
$1,643,400
$1,700,200
$1,503,800
$1,165,200
$1,186,700
$1,210,600
$1,241,000
$1,266,400
$1,296,900
$1,323,800
$1,370,200
$1,413,500
659
719
585
529
626
618
519
217
#VALUE!
181
#VALUE!
07-2015
08-2015
174
09-2015
459
452
612
194
10-2015
314
191
11-2015
349
205
178
163
12-2015
01-2016
02-2016
257
03-2016
211
209
04-2016
05-2016
173
06-2016
REALTOR Report
Richmond
Condo Report June 2016
Price Range
Sales
Active
Listings
Avg Days
on Market
Neighbourhood
Sales
Active
Listings
Benchmark
Price
One-Year
Change
+ 17.4%
$99,999 and Below
Boyd Park
$257,300
$100,000 to $199,999
19
36
38
Bridgeport RI
$393,300
--
$200,000 to $399,999
140
144
33
Brighouse
148
276
$469,500
+ 18.9%
$400,000 to $899,999
167
246
30
Brighouse South
31
54
$377,000
+ 17.2%
23
78
Broadmoor
$295,400
+ 19.8%
$900,000 to $1,499,999
$1,500,000 to $1,999,999
62
East Cambie
$411,800
+ 35.4%
$2,000,000 to $2,999,999
58
East Richmond
$447,200
- 0.7%
$3,000,000 and $3,999,999
160
Garden City
$0
--
$4,000,000 to $4,999,999
Gilmore
$0
--
Granville
$131,100
+ 11.8%
337
467
33
TOTAL
Hamilton RI
$0
--
Ironwood
$323,600
+ 6.7%
Lackner
$0
--
McLennan
$0
--
McLennan North
25
31
$514,600
+ 12.5%
McNair
$0
--
Quilchena RI
$0
--
Riverdale RI
16
$375,300
+ 18.1%
Saunders
$0
--
Sea Island
$0
--
Seafair
$0
--
South Arm
15
$151,700
+ 16.9%
Steveston North
$279,100
+ 23.4%
Steveston South
22
13
$429,100
+ 15.1%
Steveston Village
$0
--
Terra Nova
$0
--
West Cambie
64
38
$356,100
+ 17.0%
Westwind
$0
--
Woodwards
$0
--
337
467
$424,100
+ 16.9%
TOTAL*
Sales
Active Listings
Condos - Richmond

$396,400
$372,200
$361,100
$361,400
1,063
1,015
$381,500
897
$382,900
$395,700
$404,700
$406,600
706
667
$414,200
$424,100
$384,100
852
707
953
742
717
598
467
185
#VALUE!
179
193
161
198
#VALUE!
07-2015
08-2015
09-2015
10-2015
11-2015
151
153
12-2015
01-2016
226
274
02-2016
03-2016
289
04-2016
323
337
05-2016
06-2016
REALTOR Report
Richmond
Townhomes Report June 2016
Sales
Active
Listings
Days on
Market
$99,999 and Below
$100,000 to $199,999
$200,000 to $399,999
Price Range
Sales
Active
Listings
Benchmark
Price
One-Year
Change
Boyd Park
$452,800
+ 31.6%
Bridgeport RI
$462,400
+ 24.5%
Brighouse
15
$605,000
+ 28.4%
Neighbourhood
$400,000 to $899,999
99
139
14
Brighouse South
22
20
$625,400
+ 16.9%
$900,000 to $1,499,999
26
34
14
Broadmoor
13
$851,800
+ 34.0%
$1,500,000 to $1,999,999
East Cambie
10
$632,700
+ 30.3%
$2,000,000 to $2,999,999
East Richmond
$0
--
$3,000,000 and $3,999,999
Garden City
$808,700
+ 30.6%
$4,000,000 to $4,999,999
Gilmore
$0
--
Granville
$571,000
+ 21.1%
128
176
14
Hamilton RI
$559,200
+ 27.1%
Ironwood
$668,900
+ 22.9%
Lackner
$866,800
+ 35.9%
McLennan
$0
--
McLennan North
28
32
$792,800
+ 32.3%
TOTAL
McNair
$0
--
Quilchena RI
$619,100
+ 36.8%
Riverdale RI
$796,700
+ 40.3%
Saunders
$557,900
+ 29.2%
Sea Island
$0
--
Seafair
$919,800
+ 38.6%
South Arm
$581,100
+ 30.7%
Steveston North
$627,600
+ 40.0%
Steveston South
$866,600
+ 36.8%
Steveston Village
$831,400
+ 40.4%
Terra Nova
$901,200
+ 35.1%
West Cambie
12
18
$655,100
+ 25.5%
Westwind
$761,800
+ 39.1%
Woodwards
TOTAL*
17
$694,200
+ 31.2%
128
176
$709,800
+ 29.8%
Sales
Active Listings
Townhomes - Richmond
$685,400
$551,500
$555,500
223
$566,600
$573,800
$585,800
$589,200
$596,000
$614,000
$631,600
246
217
238
174
160
100
#VALUE!
#VALUE!
07-2015
107
107
08-2015
98
176
109
128
127
105
88
81
09-2015
113
88
130
129
92
$709,800
$657,000
90
69
10-2015
11-2015
12-2015
01-2016
02-2016
03-2016
04-2016
05-2016
06-2016
REALTOR Report
Richmond
June 2016
Detached
Condos
Townhomes
$1,700,200
$1,750,000
$1,500,000
$1,250,000
$1,144,800
$1,029,600
$1,002,700
$982,700
$947,300
$1,000,000
$862,100
$766,800
$709,800
$692,100
$691,100
$750,000
$626,700
$481,600
$450,700
$500,000
$379,500
$509,700
$504,200
$493,600
$507,900
$350,200
$351,400
$347,600
$355,700
$546,800
$411,700
$408,300
$424,100
$355,700
$324,700
$250,000
$301,700
01-2006
01-2007
01-2008
$356,400
$322,800
01-2009
01-2010
01-2011
01-2012
01-2013
01-2014
$362,800
01-2015
01-2016
Note: $0 means that there is no sales activity, not $0 as an MLS HPI Benchmark Price.
Average Price Per Square Foot
Detached
Condos
Townhomes
$800
$733
$750
$700
$593
$600
$563
$501
$500
$467
$479
$535
$496
$485
$527
$516
$453
$439
$432
$389
$410
$413
$377
$376
$372
$449
$403
$429
$388
$355
$400
$480
$416
$395
$385
$400
$411
$459
$429
$384
$352
$300
07-2013
10-2013
01-2014
04-2014
07-2014
10-2014
01-2015
04-2015
07-2015
10-2015
01-2016
04-2016
Note: $0 means that there is no sales activity, not $0 as an Average Price Per Square Foot.

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REALTOR Report

A Research Tool Provided by the Real Estate Board of Greater Vancouver

Total Active Listings

Days on Market Average

MLS HPI Benchmark Price

Total Active Listings

Days on Market Average

MLS HPI Benchmark Price

Total Active Listings

Days on Market Average

MLS HPI Benchmark Price

$99,999 and Below

$3,000,000 and $3,999,999

$5,000,000 and Above

Detached Homes - Richmond

MLS HPI Benchmark Price

$99,999 and Below

$3,000,000 and $3,999,999

$5,000,000 and Above

MLS HPI Benchmark Price

$99,999 and Below

$3,000,000 and $3,999,999

$5,000,000 and Above

MLS HPI Benchmark Price

Average Price Per Square Foot

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