RICHMOND/SOUTH DELTA RESALE MARKET SUMMARY

MLS Resale Highlights

Total resales have decreased from 439 to 170 when comparing to the Fourth Quarter of 2021

The High Rise sales range has increased by $23,000 on the lower end and by $16,000 on the higher-end when comparing to the same quarter in 2021

The sales range of Townhomes increased by $40,000 on the lower end, while the top-end price range increased by $141,000 when compared to the Fourth Quarter of 2021

Average per square foot sales values of High Rise and Low Rise units increased by $58, and $57, respectively, while Townhomes decreased by $26 when compared to four quarters ago

Price per square foot sales values for one bedroom High Rise and Low Rise units have increased by $45 and $86, respectively, over the past four quarters

The average sales price of a two and three bedroom Townhomes decreased by $71,744 and $14,622, respectively, since the Fourth Quarter of 2021