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Richmond BC Housing Market > December 2007

By
Real Estate Agent


Richmond BC Housing Market for December 2007

Here are the December median sale prices as reported by the Real Estate Board of Greater Vancouver:

Housing Type December 2007 November 2007 December 2006
Detached $685,000 $669,000 $622,000
Townhouse $450,000 $452,000 $388,000
Condo $296,000 $297,000 $240,000

The median price for detached houses for December was higher than in November, and the year-over-year price was about 10% higher than December 2006 price.

So far, Richmond’s housing activities on listings and sales ratio remain healthy. CMHC is projecting further price gain in the Greater Vancouver house prices for 2008.

The monthly total active listings, monthly units listed and sold for detached homes, townhomes and condos in Richmond, British Columbia are presented here.

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DISCLAIMER:James Wong (dba ABL Enterprises Inc.) assumes no liability whatsoever, for errors and/or omissions and any consequences arising either directly or indirectly from the use of information provided by this website.  Any data provided are strictly for guidance and planning purposes only and may not be applicable due to ever changing market dynamics.

Comments(2)

Riel Roussopoulos
RealtyXL Marketing Inc. - Vancouver, BC
Real Estate Marketing Expert

Seems like the detached houses are going up , while the condo's have peaked a bit.

or is that just christmas slowdown? 

Jan 08, 2008 09:44 PM
James Wong Vancouver Richmond
Vancouver, BC
Chinese Realtor, Vancouver > Richmond
I like to use Brian Ripley's real estate charts to follow the housing prices in the major cities in Canada. The monthly charts together with the moving 6 month average can better track the pricing trends. Here is the link to Brian's charts.
Jan 12, 2008 02:12 PM