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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

Total Active Listings

397

897

- 55.7%

438

953

- 54.0%

Sales

162

161

+ 0.6%

135

193

- 30.1%

Days on Market Average

29

61

- 52.5%

30

47

- 36.2%

$451,300

$381,500

+ 18.3%

$441,900

$372,200

+ 18.7%

Activity Snapshot

MLS® HPI Benchmark Price

Townhomes

2016

2015

One-Year
Change

October

September

2016

2015

One-Year
Change

Total Active Listings

232

217

+ 6.9%

238

246

- 3.3%

Sales

64

130

- 50.8%

61

81

- 24.7%

Days on Market Average

22

19

+ 15.8%

25

30

- 16.7%

$714,500

$573,800

+ 24.5%

$721,600

$566,600

+ 27.4%

Activity Snapshot

MLS® HPI Benchmark Price

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

Richmond
Detached Properties Report – October 2016
Sales

Active
Listings

Avg Days
on Market

$99,999 and Below

0

0

0

$100,000 to $199,999

0

1

0

$200,000 to $399,999

1

0

107

$400,000 to $899,999

2

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

0

29

$1,622,000

+ 34.8%

Bridgeport RI

1

27

$1,306,700

+ 34.5%

Brighouse

0

11

$0

--

3

Brighouse South

0

1

$0

--

169

38

Broadmoor

5

56

$2,355,400

+ 34.1%

232

31

East Cambie

3

22

$1,362,000

+ 35.6%

7

240

26

East Richmond

0

14

$1,758,500

+ 35.5%

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

3

90

35

Garden City

1

31

$1,620,500

+ 30.9%

$4,000,000 to $4,999,999

2

21

73

Gilmore

0

14

$0

--

$5,000,000 and Above

1

23

98

Granville

8

43

$2,003,900

+ 31.6%

TOTAL

63

790

36

Hamilton RI

1

17

$992,700

+ 23.8%

Ironwood

1

22

$1,260,800

+ 33.8%

Lackner

7

32

$1,778,400

+ 36.4%

McLennan

2

26

$1,604,400

+ 32.4%

McLennan North

0

5

$1,678,700

+ 35.6%

McNair

1

38

$1,364,600

+ 33.1%

Quilchena RI

2

28

$1,785,700

+ 32.7%

Riverdale RI

1

43

$1,822,900

+ 31.3%

Saunders

1

39

$1,651,100

+ 38.1%

Sea Island

1

3

$804,300

+ 13.0%

Seafair

6

71

$1,703,200

+ 38.5%

South Arm

1

20

$1,416,600

+ 34.5%

Steveston North

6

53

$1,387,900

+ 41.8%

Steveston South

4

15

$1,648,900

+ 38.8%

Steveston Village

5

8

$1,478,000

+ 36.7%

Terra Nova

0

16

$2,148,100

+ 25.7%

West Cambie

3

37

$1,407,200

+ 36.6%

Westwind

1

19

$1,737,200

+ 41.7%

Woodwards

2

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

MLS® HPI Benchmark Price
$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

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

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

0

2

0

Boyd Park

6

7

$290,700

$100,000 to $199,999

10

18

52

Bridgeport RI

3

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

4

26

44

Broadmoor

0

2

$301,100

+ 23.1%

$1,500,000 to $1,999,999

1

5

33

East Cambie

3

4

$440,900

+ 50.7%

$2,000,000 to $2,999,999

0

3

0

East Richmond

0

6

$453,500

+ 2.6%

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

0

3

0

Garden City

1

1

$0

--

$4,000,000 to $4,999,999

0

1

0

Gilmore

0

0

$0

--

$5,000,000 and Above

0

0

0

Granville

3

4

$150,600

+ 38.3%

162

397

29

TOTAL

Hamilton RI

0

0

$0

--

Ironwood

1

5

$360,200

+ 21.0%

Lackner

0

0

$0

--

McLennan

0

0

$0

--

McLennan North

16

21

$548,900

+ 15.1%

McNair

0

0

$0

--

Quilchena RI

0

1

$0

--

Riverdale RI

6

7

$421,200

+ 31.1%

Saunders

1

0

$0

--

Sea Island

0

0

$0

--

Seafair

0

0

$0

--

South Arm

2

9

$163,000

+ 33.7%

Steveston North

2

0

$308,400

+ 35.7%

Steveston South

10

28

$441,900

+ 15.9%

Steveston Village

0

1

$0

--

Terra Nova

0

2

$0

--

West Cambie

13

27

$367,800

+ 20.2%

Westwind

0

0

$0

--

Woodwards

0

0

$0

--

162

397

$451,300

+ 18.3%

TOTAL*

* This represents the total of the Richmond area, not the sum of the areas above.

Sales

Active Listings

$396,400
$382,900

Condos - Richmond

MLS® HPI Benchmark Price

$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

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

Richmond
Townhomes Report – October 2016
Sales

Active
Listings

Days on
Market

$99,999 and Below

0

0

0

$100,000 to $199,999

0

0

0

$200,000 to $399,999

2

2

$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

1

0

$435,400

+ 18.8%

Bridgeport RI

1

1

$456,200

+ 19.3%

11

Brighouse

2

17

$667,800

+ 33.3%

171

25

Brighouse South

7

34

$643,300

+ 18.9%

58

15

Broadmoor

4

8

$869,200

+ 28.7%

0

1

0

East Cambie

1

8

$608,100

+ 19.6%

0

0

0

East Richmond

0

2

$0

--

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

0

0

0

Garden City

1

7

$830,100

+ 26.9%

$4,000,000 to $4,999,999

0

0

0

Gilmore

0

0

$0

--

$5,000,000 and Above

0

0

0

Granville

1

6

$615,900

+ 26.5%

TOTAL

64

232

22

Hamilton RI

5

10

$540,700

+ 18.6%

Ironwood

4

5

$652,500

+ 16.8%

Lackner

0

6

$855,000

+ 26.1%

McLennan

0

0

$0

--

McLennan North

12

41

$782,500

+ 22.6%

Price Range

Neighbourhood

McNair

0

0

$0

--

Quilchena RI

0

1

$596,900

+ 24.8%

Riverdale RI

0

3

$772,800

+ 27.6%

Saunders

2

15

$575,600

+ 26.1%

Sea Island

0

0

$0

--

Seafair

0

1

$899,600

+ 27.3%

South Arm

2

3

$600,300

+ 27.6%

Steveston North

4

3

$600,500

+ 26.6%

Steveston South

1

3

$845,700

+ 26.1%

Steveston Village

1

5

$812,800

+ 29.6%

Terra Nova

0

9

$889,600

+ 27.4%

West Cambie

9

28

$705,100

+ 31.4%

Westwind

1

1

$739,700

+ 27.1%

Woodwards

5

15

$718,700

+ 28.5%

TOTAL*

64

232

$714,500

+ 24.5%

* This represents the total of the Richmond area, not the sum of the areas above.

Sales

Active Listings

Townhomes - Richmond

MLS® HPI Benchmark Price
$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

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

Richmond
October 2016
MLS® HPI Benchmark Price

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.

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.