the rennie review - July 2022

richmond CONDO -JUNE 202

SALES TO LISTINGSRATIO 31% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 13% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 8% VS 2021

▲ 6% VS 2021

▼ 23% VS 2021

▼ 13% VS 2021

Therewere560 condolistingsin Richm ond in June,9% aboveM ayand 23% lowerthan June2021.

Junecondo salesdecreased by9% m onth-over-m onth,to 176,and were13% below June2021.

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 28% 202 728

% Change

No. 38% 194 512

% Change

Thesales-to-listingratio forcondosin Richm ond,at31%, reflected aselers'm arket.

TOTALLISTINGS TOTALSALES

31% 176 560

13% 8% 6% 13% -13% -23%

-3% -4% -7% -17% -9% 9%

Thecondom edian pricein Junewas$655,750,a7% decreasefrom M ayand 6% aboveJune2021. Theaveragesold pricewas$693,145,4% below last m onth;theaveragePSF salepricewas$812,down 3% to lastm onth.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$812 $693,145 $655,750

$834 $723,656 $704,900

$722 $643,593 $620,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 2021 ● JUN 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

728

680

578

613

560

512

469

509

412

439

344

291

365

243

236

232

315

202

234

230

225

222

176

214

194

177

$663K $682K $687K $674K $705K

$656K

$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

150

4+ bdrms

12

100

16

3 bdrms

55%

88

43%

33%

50

92

22%

2 bdrms

18%

319

7%

5%

0

68

<$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 8 33%

101 56 55%

161 69 43%

136 30 22%

70 5 7%

38 7 18%

19 1 5%

11 0 n/a

141

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