RICHMOND/SOUTH DELTA RESALE MARKET SUMMARY

MLS Resale Highlights

Total resales have decreased from 439 to 243 when comparing to the First Quarter of 2022

The High Rise sales range has decreased by $8,000 on the lower end while the higher-end increased by $10,000 when comparing to the same quarter in 2022

The sales range of Townhomes decreased by $65,000 on the lower end and decreased by $86,200 on the higher-end when compared to the First Quarter of 2022

Average per square foot sales values of High Rise units and Townhomes decreased by $5 and $101, respectively, while Low Rise units increased by $28 when compared to four quarters ago

Price per square foot sales values for one bedroom High Rise and Low Rise units have decreased by $109 and $31, respectively, over the past four quarters

The average sales price of a two bedroom Townhome decreased by $133,890 while a two bedroom Townhome increased by $114,800 since the First Quarter of 2022