Seafair, Richmond Market Report – March 2024

Seafair is a well-established and spacious residential neighbourhood in southwest Richmond, BC, known for its quiet streets, generous lot sizes, and proximity to the West Dyke Trail along the Strait of Georgia shoreline. The neighbourhood offers primarily detached single-family homes and some townhouse developments, appealing to families and established buyers seeking more space and a quieter lifestyle than Richmond's denser city centre nodes. Seafair's real estate benefits from relatively larger lots compared to other Richmond neighbourhoods, with some properties backing onto protected agricultural land or offering views across the dyke lands. Bus routes along Garden City and Williams Roads connect residents to the Canada Line's Brighouse and Lansdowne stations. The neighbourhood is also convenient to the West Richmond Community Centre and several well-regarded elementary schools. Seafair represents a solid and consistent family-focused real estate market within the City of Richmond.

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5
Units Sold
$2,777,360
Avg Sold Price
75d
Avg Days on Market
Buyer's Market
Market Condition
291 active at start of month 10 new listings Absorption rate: 1.7% Highest sold: $3,518,000 Lowest sold: $1,775,000

How Does March 2024 Compare?

Period Units Sold Avg Sold Price Avg DOM
March 2024 (this report) 5 $2,777,360 75d
February 2024 month prior 4 +25% $2,627,500 +5.7% 44d +70.5%
March 2023 year ago 6 -16.7% $2,180,917 +27.3%

3-Year Price Trend — Seafair, Richmond

The Seafair, Richmond real estate market was a Buyer's Market in March 2024, with 291 active listings at the start of the month, 5 properties sold, an average sold price of $2,777,360, properties averaging 75 days on market, an absorption rate of 1.7%. 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 Seafair, Richmond specialist
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Frequently Asked Questions — Seafair, Richmond March 2024

In March 2024, the Seafair, Richmond real estate market is classified as a Buyer's Market with an absorption rate of 1.7%. 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: 06/04/2026   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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