Steveston South, Richmond Condo Market Report – August 2022

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

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12
Units Sold
$671,808
Avg Sold Price
30d
Avg Days on Market
Balanced Market
Market Condition
97 active at start of month 11 new listings Absorption rate: 12.4% Highest sold: $858,000 Lowest sold: $495,500

How Does August 2022 Compare?

Period Units Sold Avg Sold Price Avg DOM
August 2022 (this report) 12 $671,808 30d
July 2022 month prior 2 +500% $1,045,000 -35.7% 25d +20%
August 2021 year ago 12 +0% $695,483 -3.4%

3-Year Price Trend — Steveston South, Richmond Condo

The Steveston South, Richmond condo real estate market was a Balanced Market in August 2022, with 97 active listings at the start of the month, 12 properties sold, an average sold price of $671,808, properties averaging 30 days on market, an absorption rate of 12.4%. 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 Steveston South, Richmond specialist
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Frequently Asked Questions — Steveston South, Richmond August 2022

In August 2022, the Steveston South, Richmond condo real estate market is classified as a Balanced Market with an absorption rate of 12.4%. The market in Steveston South, 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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