Granville, Richmond Market Report – July 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.

← June 2023 Next month →
11
Units Sold
$1,984,182
Avg Sold Price
24d
Avg Days on Market
Buyer's Market
Market Condition
379 active at start of month 12 new listings Absorption rate: 2.9% Highest sold: $4,465,000 Lowest sold: $256,000

How Does July 2023 Compare?

Period Units Sold Avg Sold Price Avg DOM
July 2023 (this report) 11 $1,984,182 24d
June 2023 month prior 10 +10% $1,153,800 +72% 31d -22.6%
July 2022 year ago 11 +0% $1,684,307 +17.8%

3-Year Price Trend — Granville, Richmond

The Granville, Richmond real estate market was a Buyer's Market in July 2023, with 379 active listings at the start of the month, 11 properties sold, an average sold price of $1,984,182, properties averaging 24 days on market, an absorption rate of 2.9%. 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
Get your home value ›

Frequently Asked Questions — Granville, Richmond Market

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.

★★★★★ 4.8 / 5  —  700+ Google Reviews Read Reviews →