Richmond house prices have dropped over $300k 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 summer months, many sellers will likely accept price concessions rather than wait to re-list in 2020.
