Granville, Richmond Market Report – February 2021

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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29
Units Sold
$1,900,129
Avg Sold Price
45d
Avg Days on Market
Balanced Market
Market Condition
156 active at start of month 29 new listings Absorption rate: 18.6% Highest sold: $3,680,952 Lowest sold: $516,888

How Does February 2021 Compare?

Period Units Sold Avg Sold Price Avg DOM
February 2021 (this report) 29 $1,900,129 45d
January 2021 month prior 17 +70.6% $1,781,618 +6.7% 77d -41.6%

3-Year Price Trend — Granville, Richmond

The Granville, Richmond real estate market was a Balanced Market in February 2021, with 156 active listings at the start of the month, 29 properties sold, an average sold price of $1,900,129, properties averaging 45 days on market, an absorption rate of 18.6%. 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 February 2021

In February 2021, the Granville, Richmond real estate market is classified as a Balanced Market with an absorption rate of 18.6%. The market in Granville, Richmond is currently balanced. Both buyers and sellers have reasonable negotiating positions. Always consult a licensed REALTOR® to assess your specific situation.

Last Update: 06/05/2026   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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