Richmond Condo Market Report – July 2020

Q: How many homes sold in Richmond in July 2020?

176 condo properties sold in Richmond during July 2020 based on MLS® records. There were 800 active listings at the start of the month. A total of 289 new listings came to market during the month.

Q: What is the average home price in Richmond?

The average condo sold price in Richmond in July 2020 was $586,561. Sold prices ranged from $166,500 to $2,300,000. Data is sourced from MLS® board records.

Q: How long are homes sitting on the market in Richmond?

In July 2020, condo properties in Richmond averaged 36 days on the market before selling. With an absorption rate of 22%, the market is currently a Seller's Market. A lower average days-on-market indicates stronger demand.

Q: How has the Richmond market changed compared to last year?

Year-over-year comparison data is not available for Richmond in July 2020. Browse the monthly archive to track price trends over multiple years for this area. Data is sourced from MLS® sold records.

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

← June 2020 Next month →

176

Units Sold

$586,561

Avg Sold Price

36d

Avg Days on Market

Seller's Market

Market Condition

800 active at start of month 289 new listings Absorption rate: 22% Highest sold: $2,300,000 Lowest sold: $166,500

How Does July 2020 Compare?

Period	Units Sold	Avg Sold Price	Avg DOM
July 2020 (this report)	176	$586,561	36d
June 2020 month prior	137 +28.5%	$589,387 -0.5%	45d -20%

3-Year Price Trend — Richmond Condo

The Richmond condo real estate market was a Seller's Market in July 2020, with 800 active listings at the start of the month, 176 properties sold, an average sold price of $586,561, properties averaging 36 days on market, an absorption rate of 22%. All data is sourced from MLS® sold records.

Recently Sold in Richmond

9233 Odlin Road

Sold $780,000

2 bd • 2 ba • Apartment

5233 Gilbert Road

Sold $590,000

2 bd • 2 ba • Apartment

6080 Minoru Boulevard

Sold $765,000

2 bd • 2 ba • Apartment

8628 Hazelbridge Way

Sold $526,000

1 bd • 1 ba • Apartment

3331 Brown Road

Sold $748,800

2 bd • 2 ba • Apartment

9151 No. 5 Road

Sold $440,000

2 bd • 2 ba • Apartment

Active Listings in Richmond

7831 Westminster Highway

$558,000

2 bd • 1 ba • Apartment

6320 No. 3 Road

$999,000

3 bd • 2 ba • Apartment

8133 Cook Road

$520,000

2 bd • 1 ba • Apartment

7555 Alderbridge Way

$999,000

3 bd • 3 ba • Apartment

3333 Brown Road

$1,888,000

3 bd • 3 ba • Apartment

8700 Westminster Highway

$349,900

1 bd • 1 ba • Apartment

Top Buildings in Richmond

CF Richmond Centre

2,000 units

RC At CF Richmond Centre

2,000 units

RC At CF Richmond Centre

2,000 units

RC At CF Richmond Centre

2,000 units

RC At CF Richmond Centre

2,000 units

RC At CF Richmond Centre

2,000 units

Prepared by

Hani Faraj

RE/MAX Crest • 604-229-3342
Your Richmond specialist

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Related: Richmond Condo Archive → Live Market Stats → All BC Reports →

Frequently Asked Questions — Richmond July 2020

Is it a good time to buy in Richmond? −

In July 2020, the Richmond condo real estate market is classified as a Seller's Market with an absorption rate of 22%. It is currently a seller's market in Richmond. While demand is elevated, qualified buyers can still find opportunities. Always consult a licensed REALTOR® to assess your specific situation.

How many homes sold in Richmond in July 2020? +

What is the average home price in Richmond? +

How long are homes sitting on the market in Richmond? +

How has the Richmond market changed compared to last year? +

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.