The median price of detached homes has dipped in Richmond, compared to a year ago, while townhouse and condo prices continued on an upward trajectory.
The median price of a single-family home in Richmond dropped by more than $200,000 since last September, according to the latest numbers from the Real Estate Board of Greater Vancouver, going down from $2,085,400 last year to $1.875 million this year.
Condo prices climbed slightly,however, with the median price going up from $635,000 last September to $644,000 this September.
And, similarly, the median price of a townhouse went up from $1,046,500 last September to $1.12 million this year.
Whether prices went up or down, the number of homes sold has increased.
In September 2022, there were, in total, 210 home sales, whereas this September saw deals closed on 255 homes.
Fifteen more condos sold this September – 130 in total - compared to a year prior.
There were 74 sales of single-family homes this September, up from 53 a year ago.
Throughout the Lower Mainland, some markets such as Burnaby, Coquitlam, North Vancouver and Delta saw increases in single-family home median prices.
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