Richmond New Construction Condos for Sale
There are currently 252 new construction condos for sale in Richmond. Prices range from $420,000 to $4,990,000. Browse all MLS® listings below, complete with sold history, floor plans, and daily updates.
Market summary
The new construction condos market in Richmond is currently a Buyer's Market with a 4% sales ratio — 10 homes sold against 252 active listings in the past 30 days. The median asking price is $893,400 ($1,047/sqft). Properties are selling slowly, averaging 63 days on the market.
For Sale
50 listings
↓ Buyer's Market
252
Active Listings
10
Sold (30 days)
4%
Sales Ratio
Buyer's Market
$893K
Median Price
$1,047
Avg $/sqft
63
Avg Days
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| Price Range | Active | Sold (30d) | Sales Ratio | Activity |
|---|---|---|---|---|
| $400K–$500K Most Active | 8 | 2 | 25% | |
| $500K–$600K | 26 | 4 | 15% | |
| $600K–$700K | 33 | 1 | 3% | |
| $700K–$800K | 40 | 1 | 3% | |
| $800K–$900K | 25 | 1 | 4% | |
| $900K–$1M | 44 | 1 | 2% | |
| $1M–$1.25M | 40 | 0 | 0% | |
| $1.25M–$1.5M | 26 | 0 | 0% | |
| $1.5M–$2M | 2 | 0 | 0% | |
| Over $2M | 8 | 0 | 0% |
Sales ratio = homes sold in last 30 days ÷ active inventory. Over 20% = Seller's Market.
Market Activity by Neighbourhood — Richmond
| Neighbourhood | Active | Sold (30d) | Sales Ratio |
|---|---|---|---|
| Brighouse | 187 | 3 | 2% |
| West Cambie | 51 | 5 | 10% |
| Hamilton RI | 13 | 2 | 15% |
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Market Reports
Frequently Asked Questions — Richmond
How many condos are for sale in Richmond?
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There are currently 252 condos listed for sale in Richmond. Listings are updated daily from the MLS® database.
Is it a buyer's or seller's market for condos in Richmond?
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It is currently a Buyer's Market. With a 4% sales ratio, there are more condos available than buyers are purchasing, giving buyers more time and negotiating power. See the full Richmond Condos market report for monthly trends.
What is the median price of condos in Richmond?
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The median asking price for condos in Richmond is $893,400. The average price per sqft is $1,047. See the full Richmond Condos market report for monthly trends.
How long do condos take to sell in Richmond?
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Condos in Richmond are averaging 63 days on market before selling. Buyers have time to view multiple properties and negotiate.
What are the benefits of buying new construction condos in Richmond?
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New construction condos (built within the last 5 years) in Richmond offer modern layouts, energy-efficient systems, Travelers/National Home Warranty coverage, and the latest building code standards. They typically carry a premium over resale but require no immediate renovation costs.
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