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Posted in Real Estate Market Update 2018
Richmond July Market Updates 2018
Detached houses continue to weaken in July. It has dropped by 2.3% since July last year. On the comtrary, Condos and Townhouses are showing strength in this uncertain market. Condos grown 17.4% since July 2017 and Townhoues increased 10.4%. Hopefully we are able to see more staibility of detached houses in the 3rd quarter.
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Posted on by
Posted in Real Estate Market Update 2018
Housing supply up, demand down across Metro

New Number from Real Estate Board of Greater Vancouver for July 2018:


Sales of detached properties in July 2018 reached 637, a decrease of 32.9 per cent from the 949 detached sales recorded in July 2017. The benchmark price for detached properties is $1,588,400. This represents a 1.5 per cent decrease from July 2017 and a 0.6 per cent decrease compared to June 2018.


Sales of apartment properties reached 1,079 in July 2018, a decrease of 26.5 per cent compared to the 1,468 sales in July 2017. The benchmark price of an apartment property is $700,500. This represents a 13.6 per cent increase from July 2017 and a 0.5 per cent decrease compared to June 2018.


Attached property sales in July 2018 totalled 354, a decrease of 34.8 per cent compared to the 543 sales in July 2017. The benchmark price of an attached unit is $856,000. This represents a 12.1 per cent increase from July 2017 and a 0.4 per cent decrease compared to June 2018.



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