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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