Brighouse, Richmond Market Report – December 2023

Brighouse is Richmond's city centre neighbourhood, anchored by City Hall, the Richmond Centre mall, and a growing high-rise condo district built around the Brighouse Canada Line station. As Richmond's most transit-connected and commercially active subarea, Brighouse has experienced intense condo development over the past decade, with towers offering a range of suites from studio units to multi-bedroom residences. The neighbourhood's walkable urban core provides direct access to T&T Supermarket, a diverse array of Asian restaurants, banks, medical offices, and professional services along No. 3 Road — Richmond's main commercial spine. The Canada Line's Brighouse station connects residents to downtown Vancouver in under 25 minutes and YVR in under 10. Brighouse appeals strongly to young professionals, students at Kwantlen Polytechnic University's Richmond campus, and investors drawn to the neighbourhood's high rental demand and urban transit-oriented lifestyle.

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46
Units Sold
$729,285
Avg Sold Price
40d
Avg Days on Market
Buyer's Market
Market Condition
2,269 active at start of month 38 new listings Absorption rate: 2% Highest sold: $1,380,000 Lowest sold: $245,000

How Does December 2023 Compare?

Period Units Sold Avg Sold Price Avg DOM
December 2023 (this report) 46 $729,285 40d
November 2023 month prior 62 -25.8% $793,750 -8.1% 45d -11.1%
December 2022 year ago 42 +9.5% $662,344 +10.1%

3-Year Price Trend — Brighouse, Richmond

The Brighouse, Richmond real estate market was a Buyer's Market in December 2023, with 2,269 active listings at the start of the month, 46 properties sold, an average sold price of $729,285, properties averaging 40 days on market, an absorption rate of 2%. 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, Richmond specialist
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Frequently Asked Questions — Brighouse, Richmond December 2023

In December 2023, the Brighouse, Richmond real estate market is classified as a Buyer's Market with an absorption rate of 2%. 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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