richmond DETACHED-JUNE 2021
SALESTO LISTINGSRATIO 25% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 27% VS2020
▲ 24% VS2020
▲ 13% VS2020
▲ 105% VS2020
Therewere609detachedlistingsinRichmondinJune, 5%belowMayand13%higherthanJune2020. Junedetachedhomesalesincreasedby17% month-over-month,to152,andwere105%aboveJune 2020. Thesales-to-listingratiofordetachedinRichmond,at 25%,reflectedaseler'smarket.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 20% 130 642
%Change
TOTALLISTINGS TOTALSALES
25% 152 609
$1,514,344 $1,350,500 14% 74 537
27% 24% 81% 105% 13%
3% -4% 23% 17% -5%
ThedetachedmedianpriceinJunewas$1,680,000,a4% decreasefromMayand24%aboveJune2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$1,929,558,3%abovelast monthandup27%toJune2020.
$1,874,043 $1,742,500
$1,929,558 $1,680,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
607
604
589
609
642
555
537
1.591.61 1.57 1.83
538 552
455
1.78
515
460
435
1.52
229
152
10 107
10
173
92
136
130
74
96
85
70
$1.85M $1.75M
$1.75M
$1.74M
$1.71M
$1.68M
$1.60M
$1.61M
$1.58M
$1.59M
$1.58M
$1.54M
$1.35M
Jun-20
May-21
Jun-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
200
100%
100%+
97%
150
100
34%
50
18%
15%
7%
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 1 100%
1 5 500%
30 29 97%
199 68 34%
114 21 18%
117 17 15%
147 11 7%
Copyright©July5,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJuly5,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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