richmond DETACHED-FEBRUARY 202
SALESTO LISTINGSRATIO 26% SELLERS'MARKET
▶ MARKETSUMMARY Therewere374detachedlistingsinRichmondin February,39%aboveJanuaryand14%lowerthan February2021. Februarydetachedhomesalesdecreasedby8% month-over-month,to98,andwere28%belowFebruary 2021. Thesales-to-listingratiofordetachedinRichmond,at 26%,reflectedaselers'market. ThedetachedmedianpriceinFebruarywas$2,120,944, a4%decreasefromJanuaryand21%aboveFebruary 2021. Theaveragesoldpricewas$2,253,697,1.5%belowlast monthandup16%toFebruary2021.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 16% VS2021
▲ 21% VS2021
▼ 14% VS2021
▼ 28% VS2021
THISMONTH No. $2,253,697 $2,120,944 26% 98 374
PREVIOUSYEAR
PREVIOUSMONTH
No. 31% 136 435
%Change
No. 39% 106 269
%Change
TOTALLISTINGS TOTALSALES
16% 21% -16% -28% -14%
-1.5% -4% -34% -8% 39%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,288,745 $2,209,000
$1,944,009 $1,752,500
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
605
588
643
534
61
1.95
551
1.94
515
1.84
390
458
374
1.71
435
1.69
1.58
229
298
269
152
131
14
106
172
98
136
130
16
106
94
91
$2.21M
$2.10M
$2.12M
$2.09M
$1.99M
$1.85M $1.75M
$1.81M
$1.76M
$1.76M
$1.74M
$1.74M
$1.68M
Feb-21
Jan-22
Feb-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
120
100
80
60
39%
38%
38%
40
20%
20
12%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
1 0 n/a
8 3 38%
94 37 39%
73 28 38%
79 16 20%
119 14 12%
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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