Garden City, Richmond Townhouse Market Report – May 2022

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

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4
Units Sold
$1,211,250
Avg Sold Price
10d
Avg Days on Market
Seller's Market
Market Condition
18 active at start of month 5 new listings Absorption rate: 22.2% Highest sold: $1,302,000 Lowest sold: $1,018,000

How Does May 2022 Compare?

Period Units Sold Avg Sold Price Avg DOM
May 2022 (this report) 4 $1,211,250 10d
April 2022 month prior 4 +0% $1,100,200 +10.1% 17d -41.2%
May 2021 year ago 4 +0% $1,011,500 +19.7%

3-Year Price Trend — Garden City, Richmond Townhouse

The Garden City, Richmond townhouse real estate market was a Seller's Market in May 2022, with 18 active listings at the start of the month, 4 properties sold, an average sold price of $1,211,250, properties averaging 10 days on market, an absorption rate of 22.2%. 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 Garden City, Richmond specialist
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Frequently Asked Questions — Garden City, Richmond May 2022

In May 2022, the Garden City, Richmond townhouse real estate market is classified as a Seller's Market with an absorption rate of 22.2%. It is currently a seller's market in Garden City, Richmond. While demand is elevated, qualified buyers can still find opportunities. 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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