Filer & Welch Metro Vancouver Blog

Real Estate In Richmond Remains In High Demand This July

Richmond is a multicultural suburban city located 30 minutes from Downtown Vancouver, best known for being home to the second busiest airport in Canada, Vancouver International Airport. The outstanding location and great amenities in Richmond has caused  housing prices in the area to continue to rise over the past year. 

High Demand For Detached Homes In Richmond 

The average final sale price for detached homes in Richmond this past July was $1,910,000, a 19.8% increase from last year. There were 175 single family homes listed on the MLS®, with 94 of those homes selling in July, resulting in a 53.7% sales ratio. 

Browse all detached homes for sale in Richmond listed on the MLS®

Strong Sellers Market Continues For Townhomes & Condos In Richmond 

This July 2021, townhomes in Richmond sold for an average final sale price of $932,600, a 15.4% increase from last year. There were 124 townhomes listed on the MLS®, with 98 of those townhomes selling in July, resulting in a 79% sales ratio. Condos in Richmond sold for an average final sale price of $714,800, a 10.7% increase from last year. There were 308 condos listed on the MLS®, with 236 of those selling in July, resulting in a 76.2% sales ratio.

Browse all townhomes for sale in Richmond listed on the MLS®
Browse all condos for sale in Richmond listed on the MLS®
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Listings in Richmond

Vancouver, Fraser Valley and Chilliwack MLS® Reciprocity Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Baxter Welch for your convenience.
Disclaimer: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy.