richmond
DETACHED JANUARY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
18 % DOWN
3 % UP
-
37 % UP
BALANCED 15 %
There were 469 detached listings in Richmond in January, 3% above December but 18% lower vs January 2020. The 71 detached sales were a decrease of 37% month-over-month but up 37% year-over-year. The sales-to-listings ratio fell to 15% in January, as Richmond’s detached market became balanced. The benchmark price was $1.60M in January, 0.9% above December and 6% higher year-over-year. The average sold price was $1.75M, 6% below December but 3% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 456 112 25%
% Change
No. 573
% Change
TOTAL LISTINGS
469
3%
-18% 37% 67%
TOTAL SALES
71
-37% -38%
52 9%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
15%
$1,599,200 $1,584,700 0.9% $1,503,100
6% 3%
$1,749,214 $1,865,293
-6% $1,694,980
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.60
$1.58
$1.56
$1.53
$1.52
$1.51
$1.50
1.95
1.94
1.94
1.25
1.24
1.21
646
617
578
573
557
535
469
112
96
94
87
71
52
42
Jan-20
Dec-20
Jan-21
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0 QD QD
S-L RATIO SALES INVENTORY
Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of February 3, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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