richmond DETACHED-AUGUST 2021
SALESTO LISTINGSRATIO 21% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 22% VS2020
▲ 24% VS2020
▼ 0.5% VS2020
▲ 21% VS2020
Therewere549detachedlistingsinRichmondinAugust, 6%belowJulyand-0.5%lowerthanAugust2020. Augustdetachedhomesalesincreasedby23% month-over-month,to116,andwere21%aboveAugust 2020. Thesales-to-listingratiofordetachedinRichmond,at 21%,reflectedaselers'market.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
21% 116 549
$1,790,881 $1,605,000 17% 96 552
22% 24% 21% 21% -0.5%
$2,002,660 $1,743,000 16% 94 585
9% 14% 31% 23% -6%
ThedetachedmedianpriceinAugustwas$1,994,000,a 14%increasefromJulyand24%aboveAugust2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$2,187,247,9%abovelast monthandup22%toAugust2020.
$2,187,247 $1,994,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
607
604
589
585
642
555
609
552
549
2.11
455
515
460
1.87
1.86
435
1.57
229
1.51
1.48
152
10
10
107
173
16
96
136
130
94
85
70
$1.99M
$1.85M $1.75M
$1.75M
$1.74M
$1.74M
$1.71M
$1.68M
$1.61M
$1.59M
$1.58M
$1.58M
$1.54M
Aug-20
Jul-21
Aug-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
160
140
120
100
80
60
33%
30%
40
24%
16%
10%
20
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
1 0 n/a
1 0 n/a
3 0 n/a
33 10 30%
147 48 33%
104 25 24%
118 19 16%
142 14 10%
Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
29
Made with FlippingBook - professional solution for displaying marketing and sales documents online