Gilmore, Richmond House Market Report – August 2023

Gilmore is a transitioning neighbourhood in northwest Richmond, BC, known historically for its light industrial uses but increasingly featuring new residential developments as the area evolves. Located near No. 3 Road and Bridgeport Road, Gilmore is convenient to Richmond City Centre, the Bridgeport Canada Line station, and quick connections to Vancouver via Highway 99 and Oak Street. New townhouse and low-rise condo developments are attracting young professionals and investors drawn by the area's transit access and lower price points relative to central Richmond. As Richmond continues its residential intensification strategy, Gilmore represents an emerging opportunity in the city's real estate landscape.

3
Units Sold
$2,933,333
Avg Sold Price
124d
Avg Days on Market
Buyer's Market
Market Condition
36 active at start of month 3 new listings Absorption rate: 8.3% Highest sold: $4,800,000 Lowest sold: $1,925,000

How Does August 2023 Compare?

Period Units Sold Avg Sold Price Avg DOM
August 2023 (this report) 3 $2,933,333 124d
August 2022 year ago 1 +200% $13,580,000 -78.4%

3-Year Price Trend — Gilmore, Richmond House

The Gilmore, Richmond house real estate market was a Buyer's Market in August 2023, with 36 active listings at the start of the month, 3 properties sold, an average sold price of $2,933,333, properties averaging 124 days on market, an absorption rate of 8.3%. 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 Gilmore, Richmond specialist
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Frequently Asked Questions — Gilmore, Richmond August 2023

In August 2023, the Gilmore, Richmond house real estate market is classified as a Buyer's Market with an absorption rate of 8.3%. 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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