Richmond Place doesn’t follow Regina’s typical market patterns. This is one of those neighbourhoods where homes just don’t come up for sale very often, and when they do, they’re gone quickly. Right now, there are zero active listings in Richmond Place, which isn’t unusual here but tells you a lot about the kind of neighbourhood this is.
I’m writing this to help you understand what to expect if you’re thinking about buying or selling in Richmond Place. The market here operates differently than most of East Regina because you’re dealing with one of the city’s most prestigious addresses, homes that back onto protected conservation land, and families who tend to stay for decades. Let’s walk through what the numbers actually look like and what they mean for your plans.
What Homes Cost Right Now
When homes do come up for sale in Richmond Place, you’re typically looking at $500,000 to $900,000+ for single-family homes. That’s well above Regina’s citywide average of $346,000, but you’re paying for location, lot sizes, architectural quality, and those McKell Conservation views that you can’t find anywhere else.
The premium homes that back directly onto green space or the conservation area can easily hit $700,000 to over $1,000,000. These aren’t just bigger houses, they’re properties with privacy, expansive south and west views, and mature landscaping that’s been developed over decades.
If you’re looking at the Richmond Pointe Estates condos, you’re in a different price range entirely. These bungalow-style condos typically run $300,000 to $500,000, which gives you the Richmond Place address and care-free lifestyle without the yard maintenance. They’re popular with downsizers who’ve lived in the neighbourhood for years and don’t want to leave.
The variety of architectural styles here matters too. You’ll see Tudor, Colonial, and Neo Classical homes, many of them custom builds from the 1990s and 2000s. That means you’re not getting cookie-cutter floor plans, and it also means prices can vary significantly based on updates, finishes, and how well the home’s been maintained.
How Prices Have Changed
Richmond Place has held its value exceptionally well, even during periods when other Regina neighbourhoods saw slower appreciation. The ultra-low turnover means we don’t have as many recent sales to track trends with, but when homes do sell, they’ve consistently commanded premium prices relative to the broader East Regina market.
Regina’s overall market is up about 6% from 2024, with the benchmark price sitting at $335,100, up 4.4% year-over-year. Richmond Place tends to outpace those citywide numbers because you’re dealing with a limited supply of highly desirable properties. When only a handful of homes sell each year, each sale matters more in setting the market tone.
The forecast for 2026 is modest, around 2% growth citywide, with Royal LePage projecting 4% aggregate growth. But in neighbourhoods like Richmond Place, those forecasts don’t capture the full picture. You’re not really competing with the broader market. You’re competing with other buyers who specifically want this neighbourhood, this location, these views. That creates its own pricing dynamic.
What I’ve seen over the years is that Richmond Place doesn’t experience the same price swings as more affordable neighbourhoods. When the market softens, you don’t see drastic price drops here. When it heats up, you don’t see bidding wars as often because the buyer pool is smaller and more selective. It’s a steadier, more predictable market, which matters if you’re thinking long-term.
How Fast Homes Sell Here
When a Richmond Place home hits the market, it typically doesn’t last long. Regina’s average days on market right now is 29 to 32 days, but in Richmond Place, well-priced homes often sell faster than that.
The challenge isn’t how fast homes sell, it’s finding one to buy in the first place. With zero active listings right now, you’re in a waiting game. I’ve worked with buyers who’ve spent months watching this neighbourhood, waiting for the right property to come up. It’s not unusual for buyers to contact me specifically asking to be notified the moment something lists here.
The seller’s market conditions citywide don’t change the fact that Richmond Place operates in its own category. Even in a balanced market, this neighbourhood sees strong demand because of the location, the schools, the conservation area access, and the established character. You’re dealing with a neighbourhood where people buy with the intention of staying, which means when they do sell, it’s often a significant life transition, not a strategic market move.
If you’re selling, that low inventory works in your favour. If you’re buying, you need patience and a realtor who knows when properties are coming before they hit MLS.
What You Get at Different Price Points
At the $500,000 to $600,000 range, you’re typically looking at well-maintained bungalows or two-storey homes that might need some updating but offer solid bones and good lot sizes. These are often homes that have been owned by the same family for years, so you might be dealing with original finishes in kitchens and bathrooms.
Move up to $650,000 to $800,000, and you’re getting homes with recent renovations, main-floor master suites, finished basements with walkouts, and often those premium lots that back onto green space. This is where you start seeing the architectural details that make Richmond Place special: custom millwork, vaulted ceilings, quality hardwood, and professionally designed landscaping.
At $800,000 and above, you’re looking at the neighbourhood’s showcase properties. Large custom builds, often 3,000+ square feet, with high-end finishes, gourmet kitchens, multiple fireplaces, and outdoor living spaces that take full advantage of those conservation views. These homes are designed for entertaining and for families who want space, privacy, and a prestigious address.
For the Richmond Pointe Estates condos in the $300,000 to $500,000 range, you’re getting a bungalow-style layout, often with two bedrooms, attached garage, and amenities that handle the exterior maintenance. They’re popular with empty-nesters who want to stay in the neighbourhood they know without the yard work.
Is It a Buyer’s or Seller’s Market?
Citywide, Regina’s sitting at 2.88 months of supply, which is solidly seller’s market territory. Anything under four months favours sellers, and we’re well below that threshold right now.
But in Richmond Place, the math changes. With zero active listings, it’s not just a seller’s market, it’s a scarcity market. Sellers have significant leverage because buyers don’t have options to compare against. If you’re selling and you price appropriately, you’re in a strong negotiating position.
For buyers, this means you can’t afford to be passive. You need to be ready to move quickly when something does list, and you need to have your financing sorted out in advance. I’ve seen buyers lose out on Richmond Place homes because they weren’t prepared to act within 24 to 48 hours.
The broader market conditions matter less here than the specific timing of when inventory becomes available. Even in a buyer’s market, Richmond Place tends to hold firm because the demand is there from people who specifically want this neighbourhood, not just any East Regina property.
What to Know Before You Buy or Sell Here
If you’re buying, understand that you might be waiting. This isn’t a neighbourhood where you can browse multiple listings and choose the best one. You’ll likely see one or two options over several months, and you’ll need to be decisive when the right one appears.
If you’re selling, work with someone who understands the unique positioning of Richmond Place. You’re not competing with Wascana View or The Creeks on price alone. You’re selling a lifestyle, a location, and a level of prestige that can’t be replicated elsewhere in the city.
Richmond Place: A Market Unlike Any Other in Regina
The numbers tell part of the story, but the real story of Richmond Place is in what doesn’t show up in market statistics. This is a neighbourhood where people raise their families, send their kids to W.S. Hawrylak School, walk their dogs through McKell Conservation, and then stay for decades.
If you’re serious about buying or selling here, let’s talk about your specific situation. I’ve worked with families in Richmond Place for years, and I can help you navigate this unique market whether you’re waiting for the right property to appear or getting ready to list your own home. You can reach me anytime to discuss what’s happening in the neighbourhood right now and what your options actually look like.
