richmond CONDO -APRIL 2023
SALES TO LISTINGSRATIO 36% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 1.5% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 2% VS 2022
▲ 1.0% VS 2022
▲ 9% VS 2022
▼ 26% VS 2022
Therewere479 condolistingsin Richm ond in April,5% aboveM arch and 9% higherthan April2022.
Aprilcondosalesdecreased by4% m onth-over-m onth,to 173,and were26% below April2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 53% 233 440
% Change
No. 40% 181 455
% Change
Thesales-to-listingratio forcondosin Richm ond,at36%, reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
36% 173 479
-1.5% 2% 1% -32% -26% 9%
-9% -4% 5%
Thecondom edian pricein Aprilwas$680,000,a0.7% increasefrom M arch and 1.0% aboveApril2022. Theaveragesold pricewas$708,989,0.2% abovelast m onth;theaveragePSF salepricewas$797,up 0.4% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$797 $708,989 $680,000
$794 $707,515 $675,000
0.4% 0.2% 0.7%
$809 $694,194 $673,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 202 ● APR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
521
513
499
560
548
452
479
509
438
455
440
380
369
233
181
176
173
126
194
122
122
120
18
109
96
81
$673K $705K
$656K $633K $683K $635K $660K $650K $658K $645K $652K $675K $680K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
140
120
4+ bdrms
11
100
80
20
3 bdrms
55% 53%
86
60
42%
42%
40
103
2 bdrms
266
14%
20
10%
3%
0
50
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
24 10 42%
73 40 55%
128 68 53%
103 43 42%
83 8 10%
33 1 3%
22 3 14%
13 0 n/a
116
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