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Richmond

Why you'd want to live in Richmond

Richmond is a coastal city in the Lower Mainland. It occupies almost the entirety of Lulu Island (not including Queensborough), between the two estuarine distributaries of the Fraser River. Encompassing the adjacent Sea Island (where the Vancouver International Airport is located) and several other smaller islands/uninhabited islets to its north and south, it neighbours Vancouver and Burnaby on the Burrard Peninsula to the north, New Westminster and Annacis Island to the east, Delta to the south, and the Strait of Georgia to the west. As a member municipality of Metro Vancouver, Richmond is composed of eight local neighbourhoods: Sea Island, City Centre, Thompson, West Richmond, Steveston, South Arm, East Richmond and Hamilton. As of 2016, the city has an estimated population of 198,309 people with 60 percent being immigrants, the highest proportion of immigrants in Canada. During the 2010 Winter Olympics, the Richmond Olympic Oval was a venue for the long track speed skating events. via Wikipedia

Richmond Market Report

$1,717,919

AVERAGE PRICE OF 1,054 HOMES

$2,393,106

AVERAGE PRICE OF 631 MULTI-MILLION DOLLAR HOMES

$1,661,333

AVERAGE PRICE OF 218 NEWLY BUILT HOMES

$1,297,524

AVERAGE PRICE OF 215 HOMES WITH A POOL

$1,189,526

AVERAGE PRICE OF 23 REDUCED PRICE HOMES

Average Home

Average Price $1,717,919
Avg Bedrooms 3.21 beds
Avg Bathrooms 2.88 baths

Average Price by Bedrooms

1 bedroom $680,484
2 bedrooms $900,144
3 bedrooms $1,415,976
4 bedrooms $2,156,905
5 bedrooms $3,113,108
Richmond Home Price Trends
  10/2022 9/2022 8/2022 7/2022 6/2022
Total Listings 1,208 1,185 1,255 1,301 n/a
Average Price $1,696,292 $1,754,144 $1,751,623 $1,736,594 n/a
Avg Price Change -3.41% +0.14% +0.87% n/a n/a
Median Price $1,250,771 $1,286,366 $1,293,842 $1,288,000 n/a
Med Price Change -2.85% -0.58% +0.45% n/a n/a
Avg Bedrooms 3.21 beds 3.25 beds 3.26 beds 3.26 beds n/a
Avg Bathrooms 2.87 baths 2.91 baths 2.92 baths 2.9 baths n/a
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,054 $1,717,919 95 days
Multi-Million Dollar Homes 631 $2,393,106 109 days
Newly Built Homes 218 $1,661,333 90 days
Homes with a Pool 215 $1,297,524 80 days
Reduced Price Homes 23 $1,189,526 84 days
Adam Jauhari P.R.E.C. - RE/MAX Little Oak Realty
120 - 9220 Glover Road. P.O.Box 863
Langley, BC V1M2S2
604-613-7950

MIMLS

The data relating to real estate on this website comes in part from the mls reciprocity program of the Real Estate Board of Greater Vancouver. Real estate listings held by participating real estate firms are marked with the mls reciprocity logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by the Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of the Real Estate Board of Greater Vancouver.

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