richmond DETACHED-APRIL 202
SALESTO LISTINGSRATIO 19% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
SALES
TOTALLISTINGS
▲ 14% VS2021
▲ 12% VS2021
▼ 20% VS2021
▼ 45% VS2021
Therewere484detachedlistingsinRichmondinApril, 11%aboveMarchand20%lowerthanApril2021. Aprildetachedhomesalesdecreasedby36% month-over-month,to94,andwere45%belowApril 2021. Thesales-to-listingratiofordetachedinRichmond,at 19%,reflectedabalancedmarket.
THISMONTH No. $2,240,802 $1,975,000 19% 94 484
PREVIOUSYEAR
PREVIOUSMONTH
No. 28% 172 605
%Change
No. 34% 146 435
%Change
TOTALLISTINGS TOTALSALES
14% 12% -32% -45% -20%
-42% -36% 11%
ThedetachedmedianpriceinAprilwas$1,975,000,a7% decreasefromMarchand12%aboveApril2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$2,240,802,4%belowlast monthandup14%toApril2021.
$2,324,449 $2,129,000
-4% -7%
$1,959,666 $1,757,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
588
605
643
534
61
1.81
551
484
435
1.741.79
1.691.74
390
458
1.62
374
298
269
152
146
172
131
13
106
94
130
16
106
98
94
91
$2.21M
$2.13M $2.12M
$2.10M
$2.09M
$1.99M
$1.98M
$1.81M
$1.76M
$1.76M
$1.74M
$1.74M
$1.68M
Apr-21
Mar-22
Apr-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
160
140
120
100
80
60
36%
29%
40
22%
17%
20
5%
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
4 0 n/a
14 4 29%
122 44 36%
89 20 22%
105 18 17%
150 8 5%
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
32
Made with FlippingBook - professional solution for displaying marketing and sales documents online