News

July home sales in Richmond top numbers from 2013

July was a good month for local real estate compared to a year ago, according to the latest numbers from the Real Estate Board of Greater Vancouver. - file photo
July was a good month for local real estate compared to a year ago, according to the latest numbers from the Real Estate Board of Greater Vancouver.
— image credit: file photo

July was a good month for local real estate compared to a year ago, according to the latest numbers from the Real Estate Board of Greater Vancouver.

More single family homes and townhouses were sold in Richmond last month than a year ago, up 8.9 per cent and 3.2 per cent respectively. The median selling price also rose, increasing 10.6 per cent to $1.035 million for detached houses and 8.1 per cent to $532,860 for townhomes.

"This is the fourth consecutive month that the Greater Vancouver market has exceeded 3,000 sales," said Darcy McLeod, president-elect of the real estate board. "Prior to this, our market had not surpassed the 3,000 sale mark since June of 2011."

Month-over-month, sales of houses and townhomes cooled somewhat compared to June—down 4.2 per cent and 14.2 per cent respectively—though condo sales rose 6.4 per cent while median selling prices dropped 4.2 per cent.

Regionally, home sales for July topped the 10-year average.

"Today's activity continues to put Metro Vancouver in the upper reaches of a balanced real estate market," McLeod said.

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

ELECTION 2014: Malcolm Brodie won all polls, councillors split
 
Council orders Richmond property owner to clean up
 
Seniors flu clinics may be reinstated
Council denies agri-centre project
 
Cyrus Centre celebrates 10 years of supporting at-risk youth
 
Arrests of pipeline protesters in Burnaby signal start of long battle
Hand over the driving reins to Operation Red Nose
 
‘Fresh thinking’ on new Maple Ridge council
 
Election 2014: For Read, it was all about the message

Community Events, November 2014

Add an Event


Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Nov 21 edition online now. Browse the archives.