richmond
DETACHED OCTOBER
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
21 % DOWN
9 % UP
-
0.0 %
BALANCED 17 %
There were 629 detached listings in Richmond in October, 1.9% below September and 21% lower vs October 2019. The 107 detached sales were a decrease of 4% month-over-month and unchanged year-over-year. The sales-to-listings ratio was unchanged at 17% in October, as Richmond’s detached market remained balanced. The benchmark price was $1.58M in October, 1.1% above September and 5% higher year-over-year. The average sold price was $1.76M, 1.6% above September and 9% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 641 112 17%
% Change
No. 794 107 13%
% Change
TOTAL LISTINGS
629 107 17%
-1.9%
-21% 0.0% 26%
TOTAL SALES
-4% -3%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,581,600 $1,564,600 1.1% $1,501,600 $1,758,676 $1,730,512 1.6% $1,609,608
5% 9%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.58
$1.55
$1.53
$1.51
$1.51
$1.50
$1.49
1.94
1.94
1.93
794
1.25
1.24
1.23
629
604
596
561
523
527
107
107
98
86
75
53
36
Oct-19
Sep-20
Oct-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 November 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
29
Made with FlippingBook - professional solution for displaying marketing and sales documents online