Granville, Richmond Condo Market Report – June 2023

Granville is one of Richmond's most prestigious and sought-after residential neighbourhoods, situated in the southeast corner of the city near the Steveston Highway and No. 5 Road interchange. The community is home to some of Richmond's finest luxury single-family homes, including large custom-built estates on spacious lots with high-end finishes and landscaping. Granville appeals strongly to affluent families and move-up buyers who want premium housing within an established, low-density neighbourhood. Several top-rated schools serve the area, and Garry Point Park and the Steveston waterfront are a short drive away. The neighbourhood's combination of prestigious homes, generous lot sizes, and proximity to both nature and urban amenities makes Granville one of Richmond's most coveted addresses.

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5
Units Sold
$248,400
Avg Sold Price
52d
Avg Days on Market
Buyer's Market
Market Condition
45 active at start of month 4 new listings Absorption rate: 11.1% Highest sold: $295,000 Lowest sold: $202,000

How Does June 2023 Compare?

Period Units Sold Avg Sold Price Avg DOM
June 2023 (this report) 5 $248,400 52d

3-Year Price Trend — Granville, Richmond Condo

The Granville, Richmond condo real estate market was a Buyer's Market in June 2023, with 45 active listings at the start of the month, 5 properties sold, an average sold price of $248,400, properties averaging 52 days on market, an absorption rate of 11.1%. 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 Granville, Richmond specialist
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Frequently Asked Questions — Granville, Richmond June 2023

In June 2023, the Granville, Richmond condo real estate market is classified as a Buyer's Market with an absorption rate of 11.1%. 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: 06/03/2026   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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