richmond CONDO-AUGUST 2021
SALESTO LISTINGSRATIO 36% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 6% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 5% VS2020
▲ 4% VS2020
▼ 22% VS2020
▲ 56% VS2020
Therewere613condolistingsinRichmondinAugust, 10%belowJulyand22%lowerthanAugust2020.
Augustcondosalesdecreasedby6%month-over-month, to222,andwere56%aboveAugust2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 18% 142 781
%Change
No. 35% 236 680
%Change
Thesales-to-listingratioforcondosinRichmond,at36%, reflectedaselers'market.
TOTALLISTINGS TOTALSALES
36% 222 613
99% 56% -22%
0.3% -0.4% -3% 4% -6% -10%
ThecondomedianpriceinAugustwas$602,150,a3% decreasefromJulyand4%aboveAugust2020. Theaveragesoldpricewas$636,382,0.4%belowlast month;theaveragePSFsalepricewas$730,down0.3% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$730 $636,382 $602,150
$728 $638,930 $620,000
$689 $606,005 $581,000
6% 5% 4%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 2020 ● AUG 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
781
728
691
680
774 769
763
629
613
644
641
618
606
341
303
236
204
222
154
250
202
197
142
178
157
142
$620K
$620K
$605K
$601K
$602K
$588K
$581K
$570K
$561K
$546K
$539K
$535K
$530K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
200
5 3
4+bdrms
150
25
60%
3bdrms
102
100
41%
37%
30%
126
50
2bdrms
20%
18%
378
11%
0
68
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
54 22 41%
145 87 60%
204 76 37%
119 21 18%
33 10 30%
38 4 11%
10 2 20%
10 0 n/a
128
Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 31 ●
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