Richmond Real Estate Report September 2016

REALTOR Report
A Research Tool Provided by the Real Estate Board of Greater Vancouver
Richmond
September 2016
Detached Properties
September
August
2016
2015
One-Year
Change
2016
2015
One-Year
Change
Total Active Listings
826
615
+ 34.3%
872
620
+ 40.6%
Sales
80
174
- 54.0%
64
181
- 64.6%
Days on Market Average
43
41
+ 4.9%
30
35
- 14.3%
$1,686,300
$1,210,600
+ 39.3%
$1,704,200
$1,186,700
+ 43.6%
Activity Snapshot
MLS HPI Benchmark Price
Condos
September
August
2016
2015
One-Year
Change
422
953
- 55.7%
442
1,015
- 56.5%
Sales
135
193
- 30.1%
189
179
+ 5.6%
30
47
- 36.2%
29
57
- 49.1%
$439,000
$372,200
+ 17.9%
$440,200
$361,400
+ 21.8%
Activity Snapshot
Townhomes
2016
2015
One-Year
Change
September
August
2016
2015
One-Year
Change
230
246
- 6.5%
241
223
+ 8.1%
Sales
61
81
- 24.7%
68
92
- 26.1%
25
30
- 16.7%
18
32
- 43.8%
$721,300
$566,600
+ 27.3%
$732,400
$555,500
+ 31.8%
Activity Snapshot
Sales-to-Active Ratio
2016
2015
One-Year
Change
Townhome
Condo
Detached
[26.5%]
[32.0%]
[9.7%]
120%
100%
80%
Seller's Market
60%
40%
20%
0%
Balanced Market
Buyer's Market
Current as of October 04, 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 September 2016
Sales
Active
Listings
Avg Days
on Market
$99,999 and Below
130
$100,000 to $199,999
55
$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
25
$1,625,700
+ 37.1%
Bridgeport RI
29
$1,306,200
+ 36.3%
65
Brighouse
11
$0
--
13
47
Brighouse South
$0
--
16
172
41
Broadmoor
12
58
$2,364,400
+ 39.0%
$1,500,000 to $1,999,999
31
256
38
East Cambie
24
$1,368,600
+ 38.2%
$2,000,000 to $2,999,999
22
232
42
East Richmond
19
$1,816,200
+ 43.7%
$3,000,000 and $3,999,999
97
47
Garden City
29
$1,606,000
+ 34.3%
Price Range
Neighbourhood
$4,000,000 to $4,999,999
24
66
Gilmore
16
$0
--
$5,000,000 and Above
28
Granville
50
$1,996,500
+ 34.9%
TOTAL
80
826
43
Hamilton RI
15
$1,056,600
+ 32.9%
Ironwood
23
$1,311,900
+ 40.9%
Lackner
38
$1,787,700
+ 39.6%
McLennan
30
$1,707,900
+ 43.4%
McLennan North
$1,702,800
+ 40.2%
McNair
35
$1,434,500
+ 43.4%
Quilchena RI
33
$1,790,400
+ 36.3%
Riverdale RI
43
$1,829,100
+ 36.1%
Saunders
37
$1,656,100
+ 40.6%
Sea Island
$906,100
+ 27.0%
Seafair
73
$1,692,500
+ 41.6%
South Arm
19
$1,427,000
+ 39.3%
Steveston North
61
$1,388,700
+ 45.0%
Steveston South
18
$1,667,800
+ 44.6%
Steveston Village
13
$1,495,500
+ 43.0%
Terra Nova
12
$2,175,500
+ 31.4%
West Cambie
33
$1,420,400
+ 40.5%
Westwind
20
$1,767,200
+ 45.3%
Woodwards
51
$1,673,800
+ 36.3%
TOTAL*
80
826
$1,686,300
+ 39.3%
* 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
$1,686,300
$1,503,800
$1,241,000
$1,266,400
$1,296,900
$1,323,800
$1,370,200
$1,413,500
860
872
826
782
688
463
522
194
#VALUE!
10-2015
#VALUE!
455
191
11-2015
534
592
317
352
178
12-2015
163
01-2016
204
02-2016
257
03-2016
64
210
04-2016
208
05-2016
172
123
06-2016
07-2016
08-2016
80
09-2016
REALTOR Report
Richmond
Condo Report September 2016
Price Range
Sales
Active
Listings
Avg Days
on Market
Neighbourhood
Sales
Active
Listings
Benchmark
Price
One-Year
Change
+ 27.0%
$99,999 and Below
Boyd Park
$277,000
$100,000 to $199,999
25
47
Bridgeport RI
16
$410,400
--
$200,000 to $399,999
66
102
24
Brighouse
53
242
$487,800
+ 18.8%
$400,000 to $899,999
59
248
33
Brighouse South
28
40
$388,000
+ 16.6%
$900,000 to $1,499,999
30
63
Broadmoor
$303,000
+ 21.9%
$1,500,000 to $1,999,999
36
East Cambie
$425,700
+ 42.8%
$2,000,000 to $2,999,999
East Richmond
$462,100
+ 1.3%
$3,000,000 and $3,999,999
Garden City
$0
--
$4,000,000 to $4,999,999
Gilmore
$0
--
Granville
$154,800
+ 38.5%
135
422
30
TOTAL
Hamilton RI
$0
--
Ironwood
$354,600
+ 14.8%
Lackner
$0
--
McLennan
$0
--
McLennan North
13
26
$533,900
+ 15.3%
McNair
$0
--
Quilchena RI
$0
--
Riverdale RI
$404,200
+ 24.8%
Saunders
$0
--
Sea Island
$0
--
Seafair
$0
--
South Arm
10
$163,800
+ 32.0%
Steveston North
$297,500
+ 31.2%
Steveston South
21
$448,100
+ 18.4%
Steveston Village
$0
--
Terra Nova
$0
--
West Cambie
13
30
$371,900
+ 21.2%
Westwind
$0
--
Woodwards
$0
--
135
422
$439,000
+ 17.9%
TOTAL*
Sales
Active Listings
Condos - Richmond

$424,100
$396,400
$381,500
897
$382,900
$395,700
$404,700
$406,600
742
718
707
668
617
508
707
161
#VALUE!
#VALUE!
10-2015
11-2015
$439,000
$414,200
$384,100
852
198
$432,200
$440,200
151
153
12-2015
01-2016
226
274
02-2016
03-2016
289
04-2016
323
478
422
334
211
05-2016
442
06-2016
07-2016
189
08-2016
135
09-2016
REALTOR Report
Richmond
Townhomes Report September 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
44
$900,000 to $1,499,999
16
Price Range
Sales
Active
Listings
Benchmark
Price
One-Year
Change
Boyd Park
$448,100
+ 22.7%
Bridgeport RI
$481,400
+ 28.0%
Brighouse
19
$660,600
+ 37.2%
181
24
Brighouse South
34
$632,100
+ 15.7%
46
25
Broadmoor
$867,800
+ 30.0%
+ 31.2%
Neighbourhood
$1,500,000 to $1,999,999
72
East Cambie
$649,000
$2,000,000 to $2,999,999
East Richmond
$0
--
$3,000,000 and $3,999,999
Garden City
$832,200
+ 29.0%
$4,000,000 to $4,999,999
Gilmore
$0
--
Granville
$630,200
+ 29.9%
TOTAL
61
230
25
Hamilton RI
12
$576,000
+ 28.6%
Ironwood
$695,900
+ 27.2%
Lackner
$863,300
+ 27.3%
McLennan
$0
--
McLennan North
15
41
$790,500
+ 27.5%
McNair
$0
--
Quilchena RI
$604,000
+ 26.3%
Riverdale RI
$784,700
+ 30.9%
Saunders
13
$575,900
+ 27.6%
Sea Island
$0
--
Seafair
$907,900
+ 28.1%
South Arm
$600,300
+ 29.0%
Steveston North
$604,600
+ 27.8%
Steveston South
$852,600
+ 27.3%
Steveston Village
$816,600
+ 31.7%
Terra Nova
$887,200
+ 27.9%
West Cambie
22
$707,900
+ 31.5%
Westwind
$751,400
+ 28.6%
Woodwards
15
$720,300
+ 30.4%
TOTAL*
61
230
$721,300
+ 27.3%
Sales
Active Listings
Townhomes - Richmond

$685,400
$573,800
$585,800
$589,200
$596,000
$614,000
$631,600
$709,800
$724,100
100
88
#VALUE!
11-2015
230
161
107
130
#VALUE!
10-2015
241
184
174
107
$721,300
$657,000
232
217
$732,400
12-2015
114
88
110
127
98
127
105
90
04-2016
05-2016
97
69
01-2016
02-2016
03-2016
06-2016
07-2016
68
61
08-2016
09-2016
REALTOR Report
Richmond
September 2016
Detached
Condos
Townhomes
$1,686,300
$1,750,000
$1,500,000
$1,210,600
$1,250,000
$1,009,200
$1,003,700
$966,800
$1,000,000
$938,400
$850,600
$739,400
$735,900
$707,000
$750,000
$721,300
$639,200
$566,600
$517,100
$500,000
$476,600
$442,000
$420,000
$392,800
$496,400
$497,700
$515,600
$336,000
$345,500
$350,200
$433,900
$439,000
$342,900
$340,800
$336,000
$250,000
$308,100
01-2006
01-2007
01-2008
01-2009
01-2010
$355,700
$344,500
01-2011
01-2012
01-2013
01-2014
$372,200
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
$750
$733
$700
$692
$593
$600
$535
$563
$526
$496
$500
$467
$546
$501
$479
$485
$453
$429
$395
$389
$400
$352
$300
10-2013
01-2014
$410
$416
$372
$377
04-2014
$516
$480
$439
07-2014
$376
$403
$400
$385
10-2014
01-2015
04-2015
$413
$449
$411
$483
$459
$429
$384
07-2015
10-2015
01-2016
04-2016
07-2016
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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