Steveston South, Richmond Condo Market Report – May 2022

In May 2022, the Steveston South, Richmond condo real estate market is classified as a Balanced Market with an absorption rate of 13.8%. 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.

11 condo properties sold in Steveston South, Richmond during May 2022 based on MLS® records. There were 80 active listings at the start of the month. A total of 15 new listings came to market during the month.

The average condo sold price in Steveston South, Richmond in May 2022 was $809,455. Sold prices ranged from $450,000 to $1,180,000. Data is sourced from MLS® board records.

In May 2022, condo properties in Steveston South, Richmond averaged 16 days on the market before selling. With an absorption rate of 13.8%, the market is currently a Balanced Market. A lower average days-on-market indicates stronger demand.

The average condo sold price in Steveston South, Richmond in May 2022 was $809,455, up 30.4% year-over-year compared to May 2021 ($620,715). Sales volume was down 8.3% compared to the same month last year. Data is sourced from MLS® sold records.