richmond
DETACHED - AUGUST 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 13 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
13 % DOWN
7 % DOWN
-
24 % UP
8 %
There were 853 detached listings in Richmond in August, 6% below July and 7% lower than in August 2018. The 67 detached sales were a decrease of 22% month-over-month but up 24% year-over-year. The sales-to-listings ratio dipped to 8% in August, as Richmond’s detached market remained favourable to buyer’s. The benchmark price was $1.46M in August—1.1% below July 2019 and a 13% decrease from August 2018. The average sold price was $1.63M, 3% above last month but 13% lower year-over-year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 912
% Change
No. 918
% Change
TOTAL LISTINGS
853
-6%
-7% 24% 34%
TOTAL SALES
67 8%
86 9%
-22% -17%
54 6%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,458,800 $1,474,800 -1.1% $1,669,900 -13%
$1,632,889 $1,586,724
3% $1,868,026 -13%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.67
$1.63
$1.59
$1.55
$1.53
$1.48
2.49
$1.46
2.37
2.33
1.94
1.91
946
940
1.88
918
910
853
831
647
90
67
59
54
40
37
29
Aug-18
Jul-19
Aug-19
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S-L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0 QD QD
S-L RATIO SALES INVENTORY
Current as of September 2, 2019. All data from the Real Estate Board of Greater Vancouver and Fraser Valley. The information set out herein (the “Information”) is intended for informational purposes only. RAR & RMS has not verified the information and does not represent, warrant or guarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipientmaydeemnecessary toverify the informationprior toplacinganyrelianceupon the information.The informationmaychangeandanypropertydescribed in the informationmaybewithdrawn from themarketatany timewithoutnoticeorobligation to therecipient fromRAR&RMS. 29
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