RICHMOND MONTHLY DECISION NOTE

Richmond Detached Homes in August 2026: Price, Pace, and Negotiating Room

A higher monthly average does not mean every home appreciated. Sales volume, days on market, and the sale-to-list ratio provide the context buyers and sellers actually need.

MLS® Paragon2026-0846 sales

Richmond Detached Homes

2026-08

Average sold price
$1,806,849
CAD
MoM +5.6%YoY -11.6%
Sales
46
sales
MoM -13.2%YoY -23.3%
Median days on market
28
days
MoM +4.0 days
Sale-to-list price ratio
94.6%
%
MoM +0.0 pts
Average sold priceCAD
Salessales

Source: MLS® Paragon · Monthly transaction aggregates

Trend period: 2025-08 — 2026-08

— means unavailable / not comparable; 0 means zero. Trends are not an individual property valuation.

View monthly values and definitions

Prices are in CAD; price / ft² is CAD per square foot. Cards round currency to whole dollars; the table preserves source values, with a raw price ratio of 1 meaning 100%. Days on market uses the median. MoM compares the preceding calendar month; YoY compares the same month last year. Missing comparisons or a zero percentage-change baseline produce no change rate. Lines break at missing values or months; each metric has its own vertical scale.

Richmond Detached Homes · 2026-08 · MLS® Paragon
MonthAverage sold priceCADSalessalesMedian days on marketdaysSale-to-list price ratioRaw ratio (1 = 100%)
2025-0820437216037.50.9506
2025-0922408335237.50.9488
2025-1020673155231.50.9493
2025-11199799148370.9372
2025-12206120937420.924
2026-01207871535560.9412
2026-0218893633029.50.9438
2026-03197640665330.9443
2026-0419581276425.50.9538
2026-05181751860210.9542
2026-06198397063340.9457
2026-07171041153240.9457
2026-08180684946280.9461
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The poster retains its full size; scroll horizontally to view. The monthly table above provides accessible original values.

Richmond Detached HomesRendered live from anonymized aggregate market data in the monthly market-card format.CITY MARKET OVERVIEWRichmond Detached Homes2026-08 city market overviewAverage price rises to $1.81M; sales below last year$$1.81MAverage sold priceMoM +5.6% | YoY -11.6%46Sales volumeMoM -13.2% | YoY -23.3%28 daysMedian days on market4 days slower MoM%94.6%Sale-to-list ratio+0.0 pts MoMPast 13 months | price and salesAverage priceSalesPrice2.3M2.0M1.6M2.0M2025-08: $2.04M2.2M2025-09: $2.24M2.1M2025-10: $2.07M2.0M2025-11: $2.00M2.1M2025-12: $2.06M2.1M2026-01: $2.08M1.9M2026-02: $1.89M2.0M2026-03: $1.98M2.0M2026-04: $1.96M1.8M2026-05: $1.82M2.0M2026-06: $1.98M1.7M2026-07: $1.71M1.8M2026-08: $1.81MSales650602025-08: 60 sales522025-09: 52 sales522025-10: 52 sales482025-11: 48 sales372025-12: 37 sales352026-01: 35 sales302026-02: 30 sales652026-03: 65 sales642026-04: 64 sales602026-05: 60 sales632026-06: 63 sales532026-07: 53 sales462026-08: 46 sales2025.0810122026.0204062026.08Price is below last year; sales are below last year;4 days slower MoM. Read the trend alongside neighbourhood data.Greater Vancouver Detached Homes Market DataSource: MLS® | For market-trend reference only

DATA READ

Start with consistent comparison periods

In August 2026, Richmond recorded 46 detached homes sales at an average price of $1,806,849. Sales fell 13.2% month over month; average price rose 5.6% month over month; median days on market increased by 4 days month over month; the sale-to-list ratio was unchanged month over month at 94.6%. Sales fell 23.3% year over year; average price fell 11.6% year over year. Average price is sensitive to the mix of homes sold; neighbourhood and property-level decisions still require recent comparable sales, active competition, and the home's condition.

Average sold price
$1,806,849
Sales
46
Median DOM
28
Sale-to-list
94.6%

INTERPRETATION

Three points not to skip

01

Average price rose monthly but remained lower annually

The August average was about $1.807 million, up roughly 5.6% from July but down about 11.6% from a year earlier. The mix of homes sold can move an average, so it is not a property valuation.

02

Activity was lower than both comparison periods

The 46 sales were about 13.2% below July and 23.3% below August 2025. With a smaller sample, neighbourhood and property-type differences matter even more.

03

94.6% is an aggregate, not a universal discount formula

The ratio summarizes sold properties relative to their list prices. Pricing accuracy, renovations, lot, and micro-location can make an individual result materially different.

For buyers

Buyers can use 94.6% as a question, not subtract 5.4% from every list price. Screen genuinely comparable recent sales first, then assess whether the home's strengths and deficiencies are already reflected.

For sellers

Sellers should watch similar active competition and initial pricing. When the aggregate market allows negotiation, overpricing is more likely to extend market time than guarantee a higher result.

Source: monthly MLS® Paragon aggregates covering 46 sales. Averages and ratios are sensitive to sample mix. This page is general market information, not a formal appraisal or legal, tax, mortgage, or investment advice.

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