richmond CONDO -SEPTEMBER 202
SALES TO LISTINGSRATIO 23% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere520 condolistingsin Richm ond in Septem ber,2% aboveAugustand 10% lowerthan Septem ber2021. Septem bercondo salesdecreased by 1.6% m onth-over-m onth,to 120,and were48% below Septem ber2021. Thesales-to-listingratio forcondosin Richm ond,at23%, reflected aselers'm arket. Thecondom edian pricein Septem berwas$635,000,a 7% decreasefrom Augustand 1.6% aboveSeptem ber 2021. Theaveragesold pricewas$624,559,13% below last m onth;theaveragePSF salepricewas$760,down 3% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 0.2% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 3% VS 2021
▲ 1.6% VS 2021
▼ 10% VS 2021
▼ 48% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 40% 230 578
% Change
No. 24% 122 508
% Change
TOTALLISTINGS TOTALSALES
23% 120 520
0.2% -3% 1.6% -42% -48% -10%
-3% -13% -7% -4% -1.6% 2%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$760 $624,559 $635,000
$785 $720,507 $682,500
$758 $641,219 $625,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● SEP 2021 ● SEP 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
547
578
513
560
520
469
509
508
413
440
344
365
291
243
315
232
230
176
233
225
214
194
122
177
120
122
$683K
$663K $682K $687K $673K $705K
$656K $633K
$635K
$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
11
73%
100
9
3 bdrms
89
36%
32%
50
67
2 bdrms
298
12%
4% 7%
0
44
<$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
26 19 73%
85 31 36%
155 50 32%
124 15 12%
68 3 4%
30 2 7%
23 0 n/a
9 0 n/a
122
Copyright© October5,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofOctober5,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 37 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online