charliesangelsperth Have Richmond, BC House Prices Reached the Bottom? — Mortgage Sandbox
Have Richmond, BC House Prices Reached the Bottom?

Have Richmond, BC House Prices Reached the Bottom?

HIGHLIGHTS

  • Richmond house prices have dropped over $250k since peaking and have now sunk below $1.5 million.
  • Richmond townhouse prices have also dropped significantly.
  • Richmond condo prices have been very volatile but overall the trend is also downward.
  • High-end Lower Mainland markets like Downtown, West Vancouver, and the Vancouver Westside have been hit hardest by a market slowdown but the surrounding areas are all impacted.
  • There is plentiful supply, so as we enter the fall months, many sellers will likely accept price concessions rather than wait to re-list in 2020.
Richmond.JPG

Richmond

Real Estate News and Forecast

Find a realtor and mortgage broker who shares your priorities and specializes in your local area.

 Langley House Prices are Flat for 2019

Langley House Prices are Flat for 2019

Victoria Real Estate Continues to Yo-Yo

Victoria Real Estate Continues to Yo-Yo