Foreign buyers moving elsewhere as Richmond real estate continues to sink

HIGHLIGHTS Richmond house prices have dropped over $200k since peaking and prices are on the cusp of dropping 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. 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.

Richmond

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