richmond
CONDO - DECEMBER 2020
AVERAGE PRICE
AVERAGE PSF PRICE 6 % UP
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
14 % UP
SELLER’S 26 %
1.8 % DOWN
10 % UP
The number of condo listings in Richmond decreased by 24% month-over-month (to 587), but increased by 14% vs December 2019. The number of condo sales decreased by 1.3% vs November (to 154) but rose 10% vs December 2019. The sales-to-listings ratio increased to 26%, as Richmond’s condo market transitioned to seller’s market territory. The condo benchmark price was $652,600 in December, 0.1% above November and 3% higher vs December 2019. The average sold price was $567,129 (down 1.0% vs November) while the average PSF sales price was $687 (7% above November).
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 774 156 20%
% Change
No. 516 140 27%
% Change
TOTAL LISTINGS
587 154 26%
-24% -1.3%
14% 10% -3%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
30%
$652,600 $651,900 $567,129 $572,833
0.1% $631,300 -1.0% $577,698
3%
-1.8%
$687
$643
7%
$649
6%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$631,300 $641,600 $652,800 $650,700 $658,000 $656,600 $652,600
784
785
687
595
599
587
516
178
154
141
140
135
134
65
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
8
3+ bdrms
BUYER'S MARKET
109
90
2 bdrms
350
56
<2 bdrms
. . . . 0 0 0 0 QD QD
128
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 January 6, 2021. 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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