Great-value homes near the river are clearly a big draw in Richmond, as listings in Hamilton remain the most clicked by Richmond home hunters, a new infographic by property website REW reveals.
Homes for sale in this well-placed neighbourhood saw the city’s highest average pageviews per listing across the year, said the website.
The neighbourhood that saw the biggest year-over-year price growth, however, was East Richmond – the median home list price was up a whopping 243 per cent year over year.
However, REW pointed out that a huge increase in median list price doesn’t necessarily mean higher prices in the neighbourhood. In the case of East Richmond, there were relatively far fewer lower-priced units for sale last year, compared with the year before. The website also noted that drilling down to individual neighbourhoods means smaller sample sizes, which are prone to wider percentage changes.
The most commonly searched home type in Richmond was a three-bedroom house between $1.25 million and $1.5 million, reported the website.
Across Richmond, REW reported that the median list price for a condo in 2018 was $628K, up 19 per cent year over year. For a detached house, it was $1,990,000 – up one per cent from 2017. However, the number of days to sell a home increased for both property types on an annual basis.
Check out the full infographic below.
