richmond
DETACHED MAY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 1.6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
46 % DOWN
49 % DOWN
3 % UP
-
8 %
There were 516 detached listings in Richmond in May, relatively unchanged from April and 46% lower vs May 2019. The 42 detached sales were an increase of 17% month-over-month but 49% lower year-over-year. The sales-to-listings ratio increased to 8% in May, as Richmond’s detached market remained a buyer’s market. The benchmark price was $1.53M in May, rel- atively unchanged from April and 1.6% higher year-over-year. The average sold price was $1.69M, relatively unchanged from April and 3% higher year-over-year.
VS
VS
VS
VS
VS
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 514
% Change
No. 964
% Change
TOTAL LISTINGS
516
0.4% 17% 16%
-46% -49%
TOTAL SALES
42 8%
36 7%
82 9%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-4%
$1,528,400 $1,530,000 -0.1% $1,503,700 1.6%
$1,694,859 $1,699,946 -0.3% $1,641,486
3%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.53
$1.52
$1.50
$1.50
$1.49
$1.48
$1.47
1.94
1.93
1.93
964
919
868
772
1.22
1.22
1.21
573
557
516
96
86
82
71
69
52
42
May-19
Apr-20
May-20
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
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 June 4, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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