Saunders, Richmond Market Report – August 2022

Saunders is a peaceful residential neighbourhood in central-west Richmond, BC, offering a mix of detached single-family homes and some townhouse developments on quiet suburban streets. The neighbourhood is well-positioned between Steveston Highway and Westminster Highway, giving residents easy access to both the Ironwood commercial district and the nature trails along the West Dyke. Saunders Park and nearby green spaces provide recreational opportunities for families and outdoor enthusiasts. The area is served by several good elementary and secondary schools within Richmond's highly regarded public school system. With solid home values, low traffic, and a stable, family-friendly atmosphere, Saunders is a reliable and comfortable neighbourhood within Richmond's real estate market.

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4
Units Sold
$1,099,250
Avg Sold Price
9d
Avg Days on Market
Buyer's Market
Market Condition
168 active at start of month 8 new listings Absorption rate: 2.4% Highest sold: $1,648,000 Lowest sold: $699,000

How Does August 2022 Compare?

Period Units Sold Avg Sold Price Avg DOM
August 2022 (this report) 4 $1,099,250 9d
July 2022 month prior 2 +100% $1,817,500 -39.5% 69d -87%
August 2021 year ago 11 -63.6% $1,932,227 -43.1%

3-Year Price Trend — Saunders, Richmond

The Saunders, Richmond real estate market was a Buyer's Market in August 2022, with 168 active listings at the start of the month, 4 properties sold, an average sold price of $1,099,250, properties averaging 9 days on market, an absorption rate of 2.4%. 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 Saunders, Richmond specialist
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Frequently Asked Questions — Saunders, Richmond August 2022

In August 2022, the Saunders, Richmond real estate market is classified as a Buyer's Market with an absorption rate of 2.4%. 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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