CONDO JUNE richmond
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
7 % UP
10 % UP
28 % DOWN
13 % UP
BALANCED 20 %
The number of condo listings in Richmond increased by 3% between May and June (to 666), but decreased by 28% vs June 2019. The number of condo sales increased by 109% vs May (to 134) and rose by 13% vs June 2019. The sales-to-listings ratio jumped to 20%, as Richmond’s condo market transitioned to balanced market conditions. The condo benchmark price was $650,700 in June, 0.3% belowMay but 4% above June 2019. The average sold price was $560,624 (down 5% vs May) while the average PSF sales price was $675 (0.3% higher vs May).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 647
% Change
No. 921 119 13%
% Change
TOTAL LISTINGS
666 134 20%
3%
-28% 13% 56%
TOTAL SALES
64
109% 103%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10%
$650,700 $652,800 $560,624 $588,873
-0.3% $628,500 -5% $522,394
4% 7%
$675
$673
0.3%
$613
10%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$628,500 $626,700 $625,500 $631,300 $641,600 $652,800 $650,700
921
904
773
666
596
592
513
151
141
135
134
128
119
65
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
10
3+ bdrms
BUYER'S MARKET
116
78
2 bdrms
373
46
<2 bdrms
. . . . 0 0 0 0 QD QD QD
177
S-L RATIO SALES INVENTORY
Copyright © 2020 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of July 3, 2020. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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