richmond CONDO - OCTOBER 2 0 2 5
SALES TO LISTINGS RATIO 12% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 6% VS 2024
MEDIAN PRICE
TOTAL INVENTORY
SALES
▼ 14% VS 2024
▼ 9% VS 2024
▼ 9% VS 2024
▲ 35% VS 2024
There were 1,020 condo listings in Richmond in October, 3% below September and 35% higher than October 2024. October condo sales increased by 34% month-over-month, to 125, and were 9% below October 2024. The sales-to-listing ratio for condos in Richmond, at 12%, reflected a balanced market. The condo median price in October was $631,000, a 5% decrease from September and 9% below October 2024. The average sold price was $656,393, 10% below last month; the average PSF sale price was $797, up 1.0% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 138 755
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$797 $656,393 $631,000 12% 125 1,020
-6% -14% -9% -33% -9% 35%
$789 $730,303 $661,000 9% 93 1,051
1% -10% -5% 38% 34% -3%
$850 $764,523 $693,800 18%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● OCT 2024 ● OCT 2025
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,047
1,020
942
1,051
1,011
1,013
859
979
759
755
739
636
630
132
122
125
121
98
93
138
125
125
119
117
104
108
$705K
$694K
$670K
$672K
$669K
$660K
$664K
$661K
$661K
$650K
$645K
$640K
$631K
RICHMOND
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
350
4+ bdrms
300
21
250
8
3 bdrms
137
200
71
150
2 bdrms
584
100
17% 17%
46
9%
50
<2 bdrms
4%
2%
272
0
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
S-L RATIO SALES INVENTORY
301 50 17%
343 58 17%
205 8 4%
88 8 9%
42 1 2%
14 0 n/a
8 0 n/a
19 0 n/a
Null
6
Copyright © 2025 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 14, 2025. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 39 ●
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