Inventory posted this update to detached sales in Richmond and it’s astounding.

We’re not at the end of the month quite yet, so this number will rise, but we would have to have an incredible amount of sales to not have July 2012 register as an all time record low number of sales.

Here’s the comparison for July detached sales all the way back to 1995, we’re currently sitting at about half of the low normal level:

Richmond Detached July

1995 = 108
1996 = 117
1997 = 122
1998 = 86
1999 = 113
2000 = 96
2001 = 183
2002 = 154
2003 = 209
2004 = 129
2005 = 170
2006 = 97
2007 = 175
2008 = 92
2009 = 221
2010 = 107
2011 = 123
2012 = 54 (-56%) ***July 29

Just what is happening there to the south of Vancouver?  Have houses in Richmond fallen out of favour with buyers for some reason?