Richmond House Market Report – September 2020

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

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104
Units Sold
$1,729,132
Avg Sold Price
49d
Avg Days on Market
Balanced Market
Market Condition
803 active at start of month 227 new listings Absorption rate: 13% Highest sold: $4,075,000 Lowest sold: $920,000

How Does September 2020 Compare?

Period Units Sold Avg Sold Price Avg DOM
September 2020 (this report) 104 $1,729,132 49d
August 2020 month prior 101 +3% $1,787,832 -3.3% 51d -3.9%

3-Year Price Trend — Richmond House

The Richmond house real estate market was a Balanced Market in September 2020, with 803 active listings at the start of the month, 104 properties sold, an average sold price of $1,729,132, properties averaging 49 days on market, an absorption rate of 13%. 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 Richmond specialist
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Frequently Asked Questions — Richmond September 2020

In September 2020, the Richmond house real estate market is classified as a Balanced Market with an absorption rate of 13%. The market in Richmond is currently balanced. Both buyers and sellers have reasonable negotiating positions. Always consult a licensed REALTOR® to assess your specific situation.

Last Update: 06/03/2026   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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