richmond DETACHED-OCTOBER 2021
SALESTO LISTINGSRATIO 25% SELLERS'MARKET
▶ MARKETSUMMARY Therewere457detachedlistingsinRichmondin October,14%belowSeptemberand22%lowerthan October2020. Octoberdetachedhomesalesincreasedby9% month-over-month,to116,andwere8%aboveOctober 2020. Thesales-to-listingratiofordetachedinRichmond,at 25%,reflectedaselers'market. ThedetachedmedianpriceinOctoberwas$1,809,544,a 3%increasefromSeptemberand15%aboveOctober 2020. Theaveragesoldpricewas$2,010,126,4%abovelast monthandup14%toOctober2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 14% VS2020
▲ 15% VS2020
▼ 22% VS2020
▲ 8% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 18% 107 589
%Change
No. 20% 106 533
%Change
TOTALLISTINGS TOTALSALES
25% 116 457
14% 15% 40% 8% -22%
4% 3% 28% 9% -14%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,937,347 $1,764,000
$2,010,126 $1,809,544
$1,758,676 $1,580,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
604
586
642
555
589
533
609
1.91
550
455
1.86
515
457
460
1.701.66
435
1.59
1.53
229
152
14
10
172
16
107
136
130
106
94
85
70
$1.99M
$1.85M $1.75M
$1.81M
$1.76M
$1.74M
$1.74M
$1.76M
$1.71M
$1.68M
$1.58M
$1.59M
$1.58M
Oct-20
Sep-21
Oct-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
140
100%+
100%
120
100
80
48%
60
40
23%
17%
20
5%
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
1 3 300%
17 17 100%
105 50 48%
90 21 23%
103 18 17%
140 7 5%
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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