Richmond Townhouse Market Report – August 2020

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

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112
Units Sold
$853,844
Avg Sold Price
35d
Avg Days on Market
Seller's Market
Market Condition
390 active at start of month 173 new listings Absorption rate: 28.7% Highest sold: $1,580,000 Lowest sold: $404,800

How Does August 2020 Compare?

Period Units Sold Avg Sold Price Avg DOM
August 2020 (this report) 112 $853,844 35d
July 2020 month prior 87 +28.7% $865,132 -1.3% 46d -23.9%

3-Year Price Trend — Richmond Townhouse

The Richmond townhouse real estate market was a Seller's Market in August 2020, with 390 active listings at the start of the month, 112 properties sold, an average sold price of $853,844, properties averaging 35 days on market, an absorption rate of 28.7%. 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 Richmond specialist
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Frequently Asked Questions — Richmond August 2020

In August 2020, the Richmond townhouse real estate market is classified as a Seller's Market with an absorption rate of 28.7%. It is currently a seller's market in Richmond. While demand is elevated, qualified buyers can still find opportunities. 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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