richmond
DETACHED AUGUST
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
34 % DOWN
9 % UP
-
50 % UP
BALANCED 17 %
There were 584 detached listings in Richmond in August, 1.9% above July but 34% lower vs August 2019. The 99 detached sales were an increase of 5% month-over-month and 50% higher year-over-year. The sales-to-listings ratio increased to 17% in August, as Richmond’s detached market remained a balanced market. The benchmark price was $1.55M in August, 2% above July and 6% higher year-over-year. The average sold price was $1.79M, 6% above July and 9% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 573
% Change
No. 882
% Change
TOTAL LISTINGS
584
1.9%
-34% 50% 127%
TOTAL SALES
99
94
5% 3%
66 7%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
17%
16%
$1,545,500 $1,509,300 $1,785,215 $1,688,948
2% $1,458,800 6% $1,631,634
6% 9%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.55
$1.53
$1.51
$1.51
$1.50
$1.49
$1.46
1.92
1.89
1.88
882
794
1.23
1.23
1.23
596
584
561
527
523
107
99
86
75
66
53
36
Aug-19
Jul-20
Aug-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0 QD QD
S-L RATIO SALES INVENTORY
Copyright © 2020 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 September 3, 2020. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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