richmond CONDO -MAY 202
SALES TO LISTINGSRATIO 37% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 12% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 12% VS 2021
▲ 16% VS 2021
▼ 29% VS 2021
▼ 28% VS 2021
Therewere493 condolistingsin Richm ond in M ay,12% aboveApriland 29% lowerthan M ay2021.
M aycondosalesdecreased by23% m onth-over-m onth, to180,and were28% below M ay2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 36% 250 691
% Change
No. 53% 234 439
% Change
Thesales-to-listingratio forcondosin Richm ond,at37%, reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
37% 180 493
12% 12% 16% 0.9% -28% -29%
-32% -23% 12%
Thecondom edian pricein M aywas$700,000,a4% increasefrom Apriland 16% aboveM ay2021. Theaveragesold pricewas$722,546,4% abovelast m onth;theaveragePSF salepricewas$831,up 3% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$831 $722,546 $700,000
$808 $694,112 $674,000
3% 4% 4%
$741 $647,783 $605,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2021 ● MAY 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
728
680
691
578
613
469
493
509
412
439
344
291
365
243
236
232
315
250
234
225
180
222 230
214
202
177
$663K $682K $687K $674K $700K
$605K $620K $620K $602K $625K $620K $628K $639K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
120
1
4+ bdrms
6
100
80
19
63%
3 bdrms
72
60
46%
40
27%
105
23%
23%
2 bdrms
276
13%
20
6%
0
55
<$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
30 7 23%
97 45 46%
123 77 63%
126 34 27%
62 14 23%
34 2 6%
13 0 n/a
8 1 13%
139
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