Westwind, Richmond House Market Report – October 2022

In October 2022, the Westwind, Richmond house real estate market is classified as a Balanced Market with an absorption rate of 13.6%. The market in Westwind, Richmond is currently balanced. Both buyers and sellers have reasonable negotiating positions. Always consult a licensed REALTOR® to assess your specific situation.

6 house properties sold in Westwind, Richmond during October 2022 based on MLS® records. There were 44 active listings at the start of the month. A total of 9 new listings came to market during the month.

The average house sold price in Westwind, Richmond in October 2022 was $1,792,833. Sold prices ranged from $1,626,000 to $1,920,000. Data is sourced from MLS® board records.

In October 2022, house properties in Westwind, Richmond averaged 5 days on the market before selling. With an absorption rate of 13.6%, the market is currently a Balanced Market. A lower average days-on-market indicates stronger demand.

The average house sold price in Westwind, Richmond in October 2022 was $1,792,833, down 9.3% year-over-year compared to October 2021 ($1,977,333). Sales volume was up 100% compared to the same month last year. Data is sourced from MLS® sold records.