Steveston North, Richmond Townhouse Market Report – May 2023

Steveston North is a desirable residential neighbourhood in southwest Richmond, BC, offering a pleasant balance between the heritage charm of Steveston Village and the accessibility of central Richmond. The area features a mix of detached single-family homes, townhouses, and some low-rise condos on quiet streets with easy access to Steveston Highway. Residents enjoy proximity to the Gulf of Georgia Cannery, Garry Point Park, and the waterfront dining and boutique shopping of historic Steveston Village. Several good schools and community parks serve the neighbourhood's active family population. Steveston North's combination of neighbourhood character, green space, and proximity to the water makes it one of Richmond's most liveable and consistently popular real estate markets.

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3
Units Sold
$1,057,933
Avg Sold Price
17d
Avg Days on Market
Buyer's Market
Market Condition
46 active at start of month 3 new listings Absorption rate: 6.5% Highest sold: $1,285,000 Lowest sold: $928,800

How Does May 2023 Compare?

Period Units Sold Avg Sold Price Avg DOM
May 2023 (this report) 3 $1,057,933 17d
April 2023 month prior 1 +200% $1,168,000 -9.4% 73d -76.7%
May 2022 year ago 1 +200% $640,000 +65.3%

3-Year Price Trend — Steveston North, Richmond Townhouse

The Steveston North, Richmond townhouse real estate market was a Buyer's Market in May 2023, with 46 active listings at the start of the month, 3 properties sold, an average sold price of $1,057,933, properties averaging 17 days on market, an absorption rate of 6.5%. 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 Steveston North, Richmond specialist
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Frequently Asked Questions — Steveston North, Richmond May 2023

In May 2023, the Steveston North, Richmond townhouse real estate market is classified as a Buyer's Market with an absorption rate of 6.5%. 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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