Terra Nova
RICHMOND, BC
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Life in Terra Nova
Terra Nova is part of Richmond and is 13.6 km from Downtown Vancouver and 2.9 km from the Vancouver International Airport. There is 1 school in Terra Nova including Spul'u'kwuks Elementary.
There are currently 24 homes for sale in Terra Nova made up of condos, townhomes and houses with an average list price of $1,970,820. An average House in Terra Nova has 5 bedrooms, is 2,753 SF and lists for $2,503,461. House prices range from $2,099,000 - $2,788,000.
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Terra Nova Market Intelligence
Last updated January 22, 2025 at 12:23am -08:00
Market Summary
Chart Information
The sales-to-listings, or "S/L", ratio is a measure of balance between supply and demand in the market. It is calculated here as the number of home sales over the past 30 days divided by the current number of active listings. The Real Estate Board of Greater Vancouver defines a market as being balanced when the S/L ratio is between 12% and 19%, a range where prices should be relatively stable. A seller's market is defined by a S/L ratio of 20% or higher, a situation that results in upward pressure on prices. A buyer's market is characterized by a S/L ratio below 12%, a situation that results in downward pressure on prices.
Average Sale Price
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Sales
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Active Listings
24
Jan 22, 2025
Sales-To-Listing Ratio
4
%
Buyers' Market
Average Days On Market
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CURRENT MARKET CONDITIONS
Chart Information
The sales-to-listings, or "S/L", ratio is a measure of balance between supply and demand in the market. It is calculated here as the number of home sales over the past 30 days divided by the current number of active listings. The Real Estate Board of Greater Vancouver defines a market as being balanced when the S/L ratio is between 12% and 19%, a range where prices should be relatively stable. A seller's market is defined by a S/L ratio of 20% or higher, a situation that results in upward pressure on prices. A buyer's market is characterized by a S/L ratio below 12%, a situation that results in downward pressure on prices.
CONDOS
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TOWNHOMES
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HOUSES
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