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South Arm, Richmond, BC | Neighbourhood Profile

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Contains information licensed under the Open Government Licence - Richmond. The maps and map data are provided "as-is" and are not legal surveys or legal descriptions. Faith Wilson Realty Group Inc. explicitly disclaims any representations and warranties as to the accuracy, timeliness, or completeness of maps and data. These maps and data are created from multiple city, provincial, federal and private sources, including Google Maps and the BCNREB, CADREB, FVREB, REBGV. The source data may contain errors. Information regarding school boundaries and other statistics changes frequently and is for general informational purposes only. You should not use such information in determining the legal eligibility to attend any particular school or school system.

The best that nature and city has to offer.

Just minutes from Richmond’s urban core, the ever popular Broadmoor and Shellmont neighbourhoods in Richmond are a highly sought after area of the city for home buyers looking for great residential areas.
Broadmoor is bordered by Francis Road to the North, Steveston Highway to the South, Number 3 Road to the West and Number 4 Road to the East. An excellent selection of desirable single family homes, townhomes and condominiums can be found in Broadmoor. In addition, larger deluxe family homes of Richmond’s “Shangri-La” adds to the appeal of Broadmoor. Home to plenty of greenspace and walkways, the Southarm Community Centre next to South Arm Park offers a full complement of activities for all ages including outdoor tennis courts, basketball, an outdoor seasonal pool and water slides. Broadmoor is home to the Broadmoor Shopping Centre adding the convenience of shops, services and restaurants right in the neighbourhood.

…Richmond is renowned for its award winning Parks & Recreation

The Shellmont neighbourhood blends the best that nature and city has to offer. Featuring single family homes and deluxe new condominiums and townhomes, residents of Shellmont in Richmond can mingle with neighbours and friends while only minutes away, downtown Richmond offers incredible shopping, restaurants and karaoke bars all within easy reach. Adding to the Shellmont neigbourhood’s desirability are local shops and services including Ironwood Plaza and Coppersmith Mall. Schools in the Broadmoor/Shellmont neighbourhoods in Richmond include Matthew McNair and Hugh McRoberts Secondary Schools, Richmond Christian Secondary and seven community elementary schools.
The City of Richmond is renowned for its award winning Parks & Recreation with plenty of wide open green spaces. Nearby parks include Kingswood, McNair, Woodward and South Arm Park. Plus just a short drive away, the fabulous Riverport Sports & Entertainment Complex – a one-stop family fun centre featuring the Silver City and IMAX Cinemas including a skating rink, bowling alley, wave pool, waterslides and more. Golfers are well served in this area of Richmond with Richmond Country Club on the Steveston Highway and the executive 18 hole/par 57 Mylora Sidaway Golf Course on Number 5 Road.

Broadmoor/ Shellmont/ Gilmore Video

View market activity and MLS® statistics for another neighbourhood in this group:

South Arm Active Listings Summary | as of March 8, 2021

The table shown below is a current snapshot of all the active listings in South Arm, segmented by residential property types. The second column is a calculation of the current median asking price, while the third column is the summed total of all active listings for the related property type. Please note that this table is updated every 24 hours.

Quick Tip: Gain instant access to all of the related listings by selecting a row in the table and pushing the button below.

South Arm MLS® HPI Benchmark Prices | February, 2021

Current Benchmark Price (1 Storey Detached):
$1,202,900

The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” 1 Storey Detached home in South Arm.

The MLS® HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. The most commonly traded set of these attributes describes the composite of the typical or ‘benchmark’ property type in a given area. Prices paid for homes with these attributes determine benchmark home prices.

Historical Benchmark Price Changes (1 Storey Detached)

Current Benchmark Price (2 Storey Detached):
$1,352,600

The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” 2 Storey Detached home in South Arm.

The MLS® HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. The most commonly traded set of these attributes describes the composite of the typical or ‘benchmark’ property type in a given area. Prices paid for homes with these attributes determine benchmark home prices.

Historical Benchmark Price Changes (2 Storey Detached)

Current Benchmark Price (Apartment):
$311,300

The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” Apartment home in South Arm.

The MLS® HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. The most commonly traded set of these attributes describes the composite of the typical or ‘benchmark’ property type in a given area. Prices paid for homes with these attributes determine benchmark home prices.

Historical Benchmark Price Changes (Apartment)

Current Benchmark Price (Single Family Detached):
$1,288,300

The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” Single Family Detached home in South Arm.

The MLS® HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. The most commonly traded set of these attributes describes the composite of the typical or ‘benchmark’ property type in a given area. Prices paid for homes with these attributes determine benchmark home prices.

Historical Benchmark Price Changes (Single Family Detached)

Current Benchmark Price (Townhouse):
$656,100

The MLS® HPI Benchmark Price shown above represents the current expected sales price for a typical or “Benchmark” Townhouse home in South Arm.

The MLS® HPI takes into consideration what averages and medians do not – items such as lot size, age, number of rooms, etc. The most commonly traded set of these attributes describes the composite of the typical or ‘benchmark’ property type in a given area. Prices paid for homes with these attributes determine benchmark home prices.

Historical Benchmark Price Changes (Townhouse)

South Arm Market Trends

The MLS® Home Price Index is modelled on the Consumer Price Index (CPI) which measures the rate of price change for a basket of goods and services including food, clothing, shelter, and transportation. Instead of measuring goods and services, the HPI measures the change in the price of housing features. Thus, the HPI measures typical, pure price change (inflation or deflation).

The graph below charts the historical Home Price Index
over a 3 year period.

Quick Tip: Click on a property type in the chart’s legend to dynamically remove or add that line to the chart.

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