Broadmoor, Richmond Market Report – August 2024

Broadmoor is an active real estate market in British Columbia's Lower Mainland. The report below covers sold activity, pricing trends, and market conditions for Broadmoor based on MLS® data.

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6
Units Sold
$1,949,550
Avg Sold Price
22d
Avg Days on Market
Buyer's Market
Market Condition
544 active at start of month 18 new listings Absorption rate: 1.1% Highest sold: $2,900,000 Lowest sold: $508,000

How Does August 2024 Compare?

Period Units Sold Avg Sold Price Avg DOM
August 2024 (this report) 6 $1,949,550 22d
July 2024 month prior 6 +0% $1,782,267 +9.4% 39d -43.6%
August 2023 year ago 5 +20% $1,493,500 +30.5%

3-Year Price Trend — Broadmoor, Richmond

The Broadmoor, Richmond real estate market was a Buyer's Market in August 2024, with 544 active listings at the start of the month, 6 properties sold, an average sold price of $1,949,550, properties averaging 22 days on market, an absorption rate of 1.1%. 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 Broadmoor, Richmond specialist
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Frequently Asked Questions — Broadmoor, Richmond August 2024

In August 2024, the Broadmoor, Richmond real estate market is classified as a Buyer's Market with an absorption rate of 1.1%. 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: 06/04/2026   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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