Richmond Housing Report - List Vs Sold June, 2008 Source: RealtyLink Online, Listings versus Sales
| Housing Type | Active Listings | Sold Listings | No. Months | Average Price |
| Detached | 895 | 115 | 7.78 | $830,000 |
| Townhouse | 445 | 84 | 5.30 | $470,000 |
| Condominiums | 995 | 146 | 6.82 | $350,000 |
The Richmond total unit sale for detached homes, townhomes, and condos/apartments for June, 2008 registered a large drop of 19% - 345 sold for the month as compared with 424 for May 2008. The selling prices were maintained at around the same levels for May.
Active listings for detached home increased from 790 units to 895, and condo/apartment listings increased from 895 to 995. The List/Sale ratios or Absorption Rates for condos and detached houses at 6.82 and 7.78 months respectively were higher than the 6-month threshold.
Similarly, the List/Sale ratio for townhomes shot up from 3.30 months to 5.30 months. The sale momentum was reversing and and home sellers could be under pressure to reduce their prices in order to sell their homes. Click here for current real estate information in Richmond, BC.
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James Wong Richmond BC Realtor > Richmond Remax Realtor> Remax Westcoast > Richmond homes for sale, Richmond BC townhouses, Richmond BC condos > Vancouver mortgage broker > Richmond mortgage broker.
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