Riverdale RI, Richmond Market Report – August 2020

Riverdale is a tranquil and well-established residential neighbourhood in east Richmond, BC, bordering the South Arm of the Fraser River and adjacent to Hamilton. The community features primarily detached single-family homes and some townhouses on quiet streets with mature tree canopy. The Fraser River dyke trail along the southern edge of the neighbourhood provides scenic walking and cycling routes with river views. Westminster Highway and No. 6 Road connect Riverdale to the broader Richmond and Delta road networks. The neighbourhood's peaceful character, river access, and solid family-oriented housing stock make it a dependable and comfortable residential choice for buyers seeking established Richmond real estate.

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9
Units Sold
$1,045,566
Avg Sold Price
51d
Avg Days on Market
Balanced Market
Market Condition
71 active at start of month 17 new listings Absorption rate: 12.7% Highest sold: $2,238,095 Lowest sold: $390,000

How Does August 2020 Compare?

Period Units Sold Avg Sold Price Avg DOM
August 2020 (this report) 9 $1,045,566 51d
July 2020 month prior 10 -10% $1,253,649 -16.6% 34d +50%

3-Year Price Trend — Riverdale RI, Richmond

The Riverdale RI, Richmond real estate market was a Balanced Market in August 2020, with 71 active listings at the start of the month, 9 properties sold, an average sold price of $1,045,566, properties averaging 51 days on market, an absorption rate of 12.7%. 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 Riverdale RI, Richmond specialist
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Frequently Asked Questions — Riverdale RI, Richmond August 2020

In August 2020, the Riverdale RI, Richmond real estate market is classified as a Balanced Market with an absorption rate of 12.7%. The market in Riverdale RI, Richmond is currently balanced. Both buyers and sellers have reasonable negotiating positions. Always consult a licensed REALTOR® to assess your specific situation.

Last Update: 06/04/2026   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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