Brighouse South, Richmond Condo Market Report – March 2023

Brighouse South is a centrally located residential neighbourhood in the heart of Richmond, BC, sitting adjacent to the Richmond City Centre and Brighouse Canada Line station. The area features a mix of older low-rise condos, newer high-rise towers, and some remaining detached homes on residential streets within walking distance of Richmond's main commercial and civic core. Its exceptional transit access — with the Canada Line providing a 25-minute connection to downtown Vancouver — makes Brighouse South a favourite among commuters, investors, and younger buyers. The Richmond Centre mall, City Hall, and a wide range of restaurants and services are all within easy walking distance. Brighouse South offers one of Richmond's most convenient urban living experiences.

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29
Units Sold
$610,010
Avg Sold Price
20d
Avg Days on Market
Buyer's Market
Market Condition
332 active at start of month 27 new listings Absorption rate: 8.7% Highest sold: $950,000 Lowest sold: $409,000

How Does March 2023 Compare?

Period Units Sold Avg Sold Price Avg DOM
March 2023 (this report) 29 $610,010 20d
February 2023 month prior 21 +38.1% $576,602 +5.8% 32d -37.5%
March 2022 year ago 40 -27.5% $603,163 +1.1%

3-Year Price Trend — Brighouse South, Richmond Condo

The Brighouse South, Richmond condo real estate market was a Buyer's Market in March 2023, with 332 active listings at the start of the month, 29 properties sold, an average sold price of $610,010, properties averaging 20 days on market, an absorption rate of 8.7%. All data is sourced from MLS® sold records.
Hani Faraj – RE/MAX Crest Realty
Prepared by
Hani Faraj
RE/MAX Crest • 604-229-3342
Your Brighouse South, Richmond specialist
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Frequently Asked Questions — Brighouse South, Richmond March 2023

In March 2023, the Brighouse South, Richmond condo real estate market is classified as a Buyer's Market with an absorption rate of 8.7%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

Last Update: 06/03/2026   Disclaimer: Listing data is based in whole or in part on data generated by the Real Estate Board of Greater Vancouver and Fraser Valley Real Estate Board which assumes no responsibility for its accuracy.

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