richmond CONDO-FEBRUARY 202
SALESTO LISTINGSRATIO 62% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 17% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 20% VS2021
▲ 20% VS2021
▼ 40% VS2021
▲ 14% VS2021
Therewere365condolistingsinRichmondinFebruary, 6%aboveJanuaryand40%lowerthanFebruary2021. Februarycondosalesincreasedby27% month-over-month,to225,andwere14%above February2021. Thesales-to-listingratioforcondosinRichmond,at62%, reflectedaselers'market. ThecondomedianpriceinFebruarywas$682,000,a3% increasefromJanuaryand20%aboveFebruary2021. Theaveragesoldpricewas$711,669,3%abovelast month;theaveragePSFsalepricewas$811,up2%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 33% 197 606
%Change
No. 51% 177 344
%Change
TOTALLISTINGS TOTALSALES
62% 225 365
17% 20% 20% 90% 14% -40%
20% 27% 6%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$811 $711,669 $682,000
$795 $692,551 $662,800
2% 3% 3%
$694 $592,185 $569,900
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 2021 ● FEB 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
691
680
728
578
606
644
618
613
469
509
341
344
365
303
243
236
232
315
225
250
230
222
214
202
197
177
$682K
$663K
$639K
$625K
$628K
$620K
$620K
$620K
$601K
$605K
$602K
$588K
$570K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
100%+
100
4+bdrms
15
80
78%
24
60
3bdrms
55%
74
40
31%
138
21%
2bdrms
20
181
13%
8%
0
63
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
34 7 21%
74 58 78%
99 107 108%
64 35 55%
45 14 31%
24 3 13%
13 1 8%
12 0 n/a
95
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 34 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online