Richmond Real Estate

Richmond is located 16 miles northeast of San Francisco in northern Contra Costa County. Richmond's history is steeped in shipping, but after the 1940s the city fell on hard economic times; however, the ever-growing Bay Area is starting to revive the city. Buying a home in Richmond is considerably cheaper than the rest of the Bay Area, but that is quickly changing. Now is probably a good time to invest in Richmond real estate, before home prices catch-up with the rest of the area. One of the gems of Richmond is Point Richmond, a small section of the city situated on the bay. This area is quaint with independent shops, boutiques, grocery stores, and a Yacht Club.

Crime rates are going down as the town's economy starts to improve. The schools in Richmond are continuing to develop along with the city. 11,623 students attend the high school in Richmond, but the student-teacher ratio is low at 1:20. Compared to the rest of the US, Richmond has an impressive number of high school graduates at 90%, and 70% of those graduate go on to pursue higher education options.

Real Estate is starting to heat up in Richmond. In 2005 the average sales price for a single family home or condominium was $432,009. In 2006 the median price rose by an impressive 14.4% to $494,126. These prices are low in comparison to the rest of the Bay Area, making Richmond a very affordable place to live.

Buying a home in Richmond will put you near wine country, the Bay, and within driving distance of Tahoe. Richmond has some of the best weather in the country as well. The good schools, diverse community, easy access to the surrounding beauty of the Bay Area, and proximity to Silicon Valley and San Francisco all contribute to Richmond's growing popularity and booming real estate market.

Find out how much Richmond Real Estate is Worth:

Before your house is put on the market, your real estate agent meets you to review your comparative market analysis to help you accurately price your house.

In the meantime, use our online tools to get general information about sales activity in your neighborhood.

Bay Area Real Estate by Location

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