richmond
CONDO JANUARY
AVERAGE PRICE
AVERAGE PSF PRICE 3 % UP
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % UP
10 % UP
SELLER’S 23 %
41 % UP
The number of condo listings in Richmond increased by 2% month-over-month (to 618), and increased by 10% vs January 2020. The number of condo sales decreased by 8% vs December (to 142) but rose 41% vs January 2020. The sales-to-listings ratio decreased to 23%, as Richmond’s condo market remained in seller’s market territory. The condo benchmark price was $663,300 in January, 1.6% above December and 5% higher vs January 2020. The average sold price was $613,087 (up 8% vs December) while the average PSF sales price was $694 (1.0% above December).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 604 154 25%
% Change
No. 562 101 18%
% Change
TOTAL LISTINGS
618 142 23%
2%
10% 41% 28%
TOTAL SALES
-8%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-10%
$663,300 $652,600 $613,087 $567,129
1.6% $634,600 8% $596,045
5% 3% 3%
$694
$687
1.0%
$677
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$634,600 $655,400 $652,800 $651,000 $654,900 $651,900 $663,300
785
781
715
658
618
615
562
203
165
163
156
142
101
64
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
12
3+ bdrms
BUYER'S MARKET
113
88
2 bdrms
359
42
<2 bdrms
. . . . 0 0 0 0 QD
146
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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