richmond CONDO-JUNE 2021
SALESTO LISTINGSRATIO 28% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 7% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 15% VS2020
▲ 18% VS2020
▲ 5% VS2020
▲ 51% VS2020
Therewere729condolistingsinRichmondinJune,5% aboveMayand5%higherthanJune2020.
Junecondosalesdecreasedby19%month-over-month, to202,andwere51%aboveJune2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 19% 134 695
%Change
No. 36% 250 692
%Change
Thesales-to-listingratioforcondosinRichmond,at28%, reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
28% 202 729
7% 15% 18% 44% 51% 5%
-3% -0.6% 2% -23% -19% 5%
ThecondomedianpriceinJunewas$620,000,a2% increasefromMayand18%aboveJune2020. Theaveragesoldpricewas$643,593,0.6%belowlast month;theaveragePSFsalepricewas$722,down3%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$722 $643,593 $620,000
$741 $647,783 $605,000
$675 $560,624 $527,500
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUN 2020 ● JUN 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
692
781
729
774
769
763
695
629
706
641
619 646
606
341
304
204
164
154
250
202
197
134
178
157
142
142
$620K
$605K
$600K
$588K
$581K
$570K
$561K
$546K
$539K
$535K
$535K
$530K
$528K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
250
4+bdrms
200
6
150
24
3bdrms
128
100
41%
35%
122
2bdrms
20%
50
14% 15%
435
13%
2%
0
56
<$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
61 12 20%
192 79 41%
235 83 35%
126 18 14%
46 7 15%
43 1 2%
16 2 13%
10 0 n/a
160
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