Richmond BC Market Statistics – March 2013

The Real Estate Board of Greater Vancouver reported that “home sales continued at below average pace” although interests at open houses have increased in February 2013 as compared to the previous six to eight months.

In addition, the time it takes to sell a home has shortened and the sales-to-active listing ratio has increased to above 11% for the first time since June 2012.

The statistics for Greater Vancouver are numbers to show us how the market is doing in general. Every city in the Greater Vancouver area may have different numbers. Even different neighborhood within a city can have different number. For example, homeowners have received the 2013 Property Assessment Notice from BC Assessment from the beginning of the year. In Richmond, some areas showed an increased in assessed value whereas some areas showed a decrease in assessed value.

Therefore, it is important to ask your realtor who specialized in the area you are looking to buy and sell to provide you with your neighborhood specific statistics to see how your area is doing.

Since March 1, 2013, here are some basic statistics for Richmond, BC:

The stats can be narrowed down even more to your specific neighborhood and your property type. Please contact Jenny at 604-818-7317 or for your neighborhood specific market statistics.