richmond
CONDO OCTOBER
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % DOWN
SELLER’S 24 %
1.2 % UP
1.7 % UP
18 % UP
The number of condo listings in Richmond decreased by 2% between September and October (to 751), and fell by 3% vs October 2019. The number of condo sales decreased by 12% vs September (to 178) but rose 18% vs October 2019. The sales-to-listings ratio decreased to 24%, as Richmond’s condo market remained in seller’s market territory. The condo benchmark price was $656,600 in October, 0.3% above September and 5% higher vs October 2019. The average sold price was $552,198 (down 6% vs September) while the average PSF sales price was $665 (0.4% below September).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 768 203 26%
% Change
No. 775 151 19%
% Change
TOTAL LISTINGS
751 178 24%
-2%
-3% 18% 22% 1.2% 1.7% 5%
TOTAL SALES
-12% -10%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$656,600 $654,900 $552,198 $588,371
0.3% $625,500 -6% $545,444 -0.4% $654
$665
$668
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$658,000 $656,600
$625,500 $631,300 $641,600 $652,800 $650,700
784
775
751
687
599
595
516
178
151
141
140
135
134
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
13
3+ bdrms
BUYER'S MARKET
136
95
2 bdrms
443
70
<2 bdrms
. . . . 0 0 0 0 QD
172
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
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