A couple of different markets here in Richmond. 

It seems to be taking longer for the new luxury homes with prices circa 2.5-3 million to sell. But townhouses, both old and new, are a hot commodity. Polygon had presale lineups for a recent project, and townhouse prices there were just over a million.

Price for sf detached, lot value,  peaked this summer at just under two million. The developers who purchased many of these homes in the past, are hanging back a bit.  Perhaps because the new homes they are building are not selling as fast, and they need cash flow for further purchases?

As an aside, with this  week's snowfall, it is even easier to see how many houses in west Richmond are indeed, empty.