Home buyers have more choices for Richmond detached homes over $800,000. The supply and quality of single family homes under $600,000 in Richmond is very limited. For million dollar homes, there are currently over 165 homes for sale in Richmond. Although sales activities picked up significantly over the past 3 months, the supply of million dollar homes is still high at over 8 months inventory.
Where to buy?
You can search online for homes listed for sale within your search criteria. Richmond offers a great selection of single family homes that range in price from under $600,000 to over $1,500,000. Over the years, the distinction between west and east Richmond gradually blurred with new developments around Richmond.
New home builders are building new homes in neighborhoods favoured by home buyers. Old homes in prime west Richmond neighborhoods are bought for their building lots by builders who are keeping pace with the changing market demand for new homes.
West Richmond Detached Homes
In Richmond, some of the neighborhoods favoured by Richmond home buyers are located geographically west of No. 3 Road and north of Francis. These west Richmond neighborhoods include
Reiverdale,
Terra Nova,
Quilchena,
Boyd Park,
Lackner and
Seafair.
There are some home buyers who prefer to buy their own building lots, and engage home builders aor general contractors to build the homes according to their requirements.
You can view the million dollar homes listed for sale here.
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