Richmond Real Estate Report October 2016

REALTOR Report
A Research Tool Provided by the Real Estate Board of Greater Vancouver
Richmond
October 2016
Detached Properties
October
September
2016
2015
One-Year
Change
2016
2015
One-Year
Change
Total Active Listings
790
522
+ 51.3%
855
615
+ 39.0%
Sales
63
194
- 67.5%
80
174
- 54.0%
Days on Market Average
36
30
+ 20.0%
43
41
+ 4.9%
$1,673,300
$1,241,000
+ 34.8%
$1,684,800
$1,210,600
+ 39.2%
Activity Snapshot
MLS HPI Benchmark Price
Condos
October
September
2016
2015
One-Year
Change
397
897
- 55.7%
438
953
- 54.0%
Sales
162
161
+ 0.6%
135
193
- 30.1%
29
61
- 52.5%
30
47
- 36.2%
$451,300
$381,500
+ 18.3%
$441,900
$372,200
+ 18.7%
Activity Snapshot
Townhomes
2016
2015
One-Year
Change
October
September
2016
2015
One-Year
Change
232
217
+ 6.9%
238
246
- 3.3%
Sales
64
130
- 50.8%
61
81
- 24.7%
22
19
+ 15.8%
25
30
- 16.7%
$714,500
$573,800
+ 24.5%
$721,600
$566,600
+ 27.4%
Activity Snapshot
Sales-to-Active Ratio
2016
2015
One-Year
Change
Townhome
Condo
Detached
[27.6%]
[40.8%]
[8.0%]
120%
100%
80%
Seller's Market
60%
40%
20%
0%
Balanced Market
Buyer's Market
Current as of November 02, 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 October 2016
Sales
Active
Listings
Avg Days
on Market
$99,999 and Below
$100,000 to $199,999
$200,000 to $399,999
107
$400,000 to $899,999
14
$900,000 to $1,499,999
22
$1,500,000 to $1,999,999
25
$2,000,000 to $2,999,999
Sales
Active
Listings
Benchmark
Price
One-Year
Change
Boyd Park
29
$1,622,000
+ 34.8%
Bridgeport RI
27
$1,306,700
+ 34.5%
Brighouse
11
$0
--
Brighouse South
$0
--
169
38
Broadmoor
56
$2,355,400
+ 34.1%
232
31
East Cambie
22
$1,362,000
+ 35.6%
240
26
East Richmond
14
$1,758,500
+ 35.5%
$3,000,000 and $3,999,999
90
35
Garden City
31
$1,620,500
+ 30.9%
$4,000,000 to $4,999,999
21
73
Gilmore
14
$0
--
$5,000,000 and Above
23
98
Granville
43
$2,003,900
+ 31.6%
TOTAL
63
790
36
Hamilton RI
17
$992,700
+ 23.8%
Ironwood
22
$1,260,800
+ 33.8%
Lackner
32
$1,778,400
+ 36.4%
McLennan
26
$1,604,400
+ 32.4%
McLennan North
$1,678,700
+ 35.6%
McNair
38
$1,364,600
+ 33.1%
Quilchena RI
28
$1,785,700
+ 32.7%
Riverdale RI
43
$1,822,900
+ 31.3%
Saunders
39
$1,651,100
+ 38.1%
Sea Island
$804,300
+ 13.0%
Seafair
71
$1,703,200
+ 38.5%
South Arm
20
$1,416,600
+ 34.5%
Steveston North
53
$1,387,900
+ 41.8%
Steveston South
15
$1,648,900
+ 38.8%
Steveston Village
$1,478,000
+ 36.7%
Terra Nova
16
$2,148,100
+ 25.7%
West Cambie
37
$1,407,200
+ 36.6%
Westwind
19
$1,737,200
+ 41.7%
Woodwards
50
$1,689,600
+ 33.8%
TOTAL*
63
790
$1,673,300
+ 34.8%
Price Range
Neighbourhood
* 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
$1,717,100
$1,704,200
$1,684,800
$1,673,300
$1,503,800
$1,266,400
$1,296,900
$1,323,800
$1,370,200
$1,413,500
784
862
896
855
790
689
534
317
463
455
352
191
#VALUE!
11-2015
#VALUE!
593
178
163
12-2015
01-2016
204
02-2016
257
03-2016
123
209
208
04-2016
05-2016
64
80
08-2016
09-2016
171
06-2016
07-2016
63
10-2016
REALTOR Report
Richmond
Condo Report October 2016
Price Range
Sales
Active
Listings
Avg Days
on Market
Neighbourhood
Sales
Active
Listings
Benchmark
Price
One-Year
Change
+ 33.6%
$99,999 and Below
Boyd Park
$290,700
$100,000 to $199,999
10
18
52
Bridgeport RI
15
$404,500
--
$200,000 to $399,999
62
91
25
Brighouse
81
221
$504,300
+ 16.1%
$400,000 to $899,999
85
248
28
Brighouse South
14
36
$401,900
+ 20.4%
$900,000 to $1,499,999
26
44
Broadmoor
$301,100
+ 23.1%
$1,500,000 to $1,999,999
33
East Cambie
$440,900
+ 50.7%
$2,000,000 to $2,999,999
East Richmond
$453,500
+ 2.6%
$3,000,000 and $3,999,999
Garden City
$0
--
$4,000,000 to $4,999,999
Gilmore
$0
--
Granville
$150,600
+ 38.3%
162
397
29
TOTAL
Hamilton RI
$0
--
Ironwood
$360,200
+ 21.0%
Lackner
$0
--
McLennan
$0
--
McLennan North
16
21
$548,900
+ 15.1%
McNair
$0
--
Quilchena RI
$0
--
Riverdale RI
$421,200
+ 31.1%
Saunders
$0
--
Sea Island
$0
--
Seafair
$0
--
South Arm
$163,000
+ 33.7%
Steveston North
$308,400
+ 35.7%
Steveston South
10
28
$441,900
+ 15.9%
Steveston Village
$0
--
Terra Nova
$0
--
West Cambie
13
27
$367,800
+ 20.2%
Westwind
$0
--
Woodwards
$0
--
162
397
$451,300
+ 18.3%
TOTAL*
Sales
Active Listings
$396,400
$382,900
Condos - Richmond
$395,700
$404,700
$406,600
707
668
$414,200
$424,100
$432,200
$440,200
$441,900
$451,300
$384,100
718
852
618
742
707
509
480
452
438
397
198
#VALUE!
151
153
#VALUE!
11-2015
12-2015
01-2016
226
02-2016
274
289
03-2016
04-2016
323
334
210
05-2016
06-2016
07-2016
189
08-2016
135
162
09-2016
10-2016
REALTOR Report
Richmond
Townhomes Report October 2016
Sales
Active
Listings
Days on
Market
$99,999 and Below
$100,000 to $199,999
$200,000 to $399,999
$400,000 to $899,999
48
$900,000 to $1,499,999
14
$1,500,000 to $1,999,999
$2,000,000 to $2,999,999
Sales
Active
Listings
Benchmark
Price
One-Year
Change
Boyd Park
$435,400
+ 18.8%
Bridgeport RI
$456,200
+ 19.3%
11
Brighouse
17
$667,800
+ 33.3%
171
25
Brighouse South
34
$643,300
+ 18.9%
58
15
Broadmoor
$869,200
+ 28.7%
East Cambie
$608,100
+ 19.6%
East Richmond
$0
--
$3,000,000 and $3,999,999
Garden City
$830,100
+ 26.9%
$4,000,000 to $4,999,999
Gilmore
$0
--
Granville
$615,900
+ 26.5%
TOTAL
64
232
22
Hamilton RI
10
$540,700
+ 18.6%
Ironwood
$652,500
+ 16.8%
Lackner
$855,000
+ 26.1%
McLennan
$0
--
McLennan North
12
41
$782,500
+ 22.6%
Price Range
Neighbourhood
McNair
$0
--
Quilchena RI
$596,900
+ 24.8%
Riverdale RI
$772,800
+ 27.6%
Saunders
15
$575,600
+ 26.1%
Sea Island
$0
--
Seafair
$899,600
+ 27.3%
South Arm
$600,300
+ 27.6%
Steveston North
$600,500
+ 26.6%
Steveston South
$845,700
+ 26.1%
Steveston Village
$812,800
+ 29.6%
Terra Nova
$889,600
+ 27.4%
West Cambie
28
$705,100
+ 31.4%
Westwind
$739,700
+ 27.1%
Woodwards
15
$718,700
+ 28.5%
TOTAL*
64
232
$714,500
+ 24.5%
Sales
Active Listings
Townhomes - Richmond

$685,400
$709,800
$724,100
$732,400
$721,600
$714,500
$657,000
$585,800
$589,200
$596,000
$614,000
$631,600
232
161
174
107
100
107
98
88
01-2016
02-2016
03-2016
232
127
105
90
04-2016
05-2016
97
69
12-2015
238
184
110
88
114
#VALUE!
#VALUE!
11-2015
127
244
06-2016
07-2016
68
61
64
08-2016
09-2016
10-2016
REALTOR Report
Richmond
October 2016
Detached
Condos
Townhomes
$1,750,000
$1,673,300
$1,500,000
$1,241,000
$1,250,000
$1,010,200
$1,009,200
$968,800
$1,000,000
$927,900
$860,600
$719,500
$709,000
$750,000
$751,900
$714,500
$639,700
$573,800
$500,000
$422,800
$392,500
$433,000
$439,800
$331,300
$346,900
$514,100
$478,200
$495,500
$494,900
$341,500
$350,700
$516,800
$451,300
$250,000
01-2006
$337,700
$307,800
01-2007
01-2008
01-2009
$357,800
01-2010
$342,900
01-2011
01-2012
01-2013
$347,900
01-2014
$381,500
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
$776
$700
$694
$704
$695
$600
$549
$556
$557
$508
$493
$500
$458
$449
$453
$464
$466
$517
$505
$462
$425
$425
$411
$418
$407
$378
$400
$399
$372
$361
$300
11-2013
02-2014
05-2014
$502
$439
$421
$401
$361
$487
$445
$409
$386
$365
08-2014
11-2014
02-2015
05-2015
08-2015
11-2015
02-2016
05-2016
08-2016
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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