richmond CONDO-OCTOBER 2021
SALESTO LISTINGSRATIO 48% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 11% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 18% VS2020
▲ 16% VS2020
▼ 34% VS2020
▲ 37% VS2020
Therewere509condolistingsinRichmondinOctober, 12%belowSeptemberand34%lowerthanOctober2020.
Octobercondosalesincreasedby6%month-over-month, to243,andwere37%aboveOctober2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 23% 178 769
%Change
No. 40% 230 578
%Change
Thesales-to-listingratioforcondosinRichmond,at48%, reflectedaselers'market.
TOTALLISTINGS TOTALSALES
48% 243 509
11% 18% 16% 106% 37% -34%
-3% 1.3% -0.8% 20% 6% -12%
ThecondomedianpriceinOctoberwas$619,900,a0.8% decreasefromSeptemberand16%aboveOctober2020. Theaveragesoldpricewas$649,504,1.3%abovelast month;theaveragePSFsalepricewas$737,down3%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$737 $649,504 $619,900
$758 $641,219 $625,000
$665 $552,198 $535,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2020 ● OCT 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
728
769
691
680
763
629
578
644
641
618
613
606
509
341
303
236
243
154
250
230
178
222
202
197
157
142
$625K
$620K
$620K
$620K
$601K
$605K
$602K
$588K
$570K
$561K
$546K
$535K
$530K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
150
1
4+bdrms
6
67% 64%
100
14
3bdrms
51%
81
50
29%
158
22% 22%
2bdrms
314
6%
0
70
<$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
43 22 51%
129 87 67%
154 99 64%
108 24 22%
36 8 22%
18 1 6%
14 0 n/a
7 2 29%
108
Copyright©November8,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofNovember8,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 34 ●
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