richmond CONDO-APRIL 202
SALESTO LISTINGSRATIO 53% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 13% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 10% VS2021
▲ 12% VS2021
▼ 32% VS2021
▼ 23% VS2021
Therewere440condolistingsinRichmondinApril,7% aboveMarchand32%lowerthanApril2021.
Aprilcondosalesdecreasedby20%month-over-month, to234,andwere23%belowApril2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 47% 303 644
%Change
No. 71% 291 412
%Change
Thesales-to-listingratioforcondosinRichmond,at53%, reflectedaselers'market.
TOTALLISTINGS TOTALSALES
53% 234 440
13% 10% 12% 13% -23% -32%
-0.7% 0.2% -1.9% -25% -20% 7%
ThecondomedianpriceinAprilwas$674,000,a1.9% decreasefromMarchand12%aboveApril2021. Theaveragesoldpricewas$694,112,0.2%abovelast month;theaveragePSFsalepricewas$808,down0.7% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$808 $694,112 $674,000
$814 $693,014 $687,000
$716 $629,464 $600,500
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
691
680
728
644
578
613
469
509
412
440
344
291
365
303
243
236
232
315
234
250
230
225
222
214
202
177
$687K
$682K
$674K
$663K
$639K
$628K
$620K
$620K
$625K
$620K
$605K
$601K
$602K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
120
100%+
4+bdrms
12
100
80%
80
25
3bdrms
79
60
38%
38%
40
132
2bdrms
17% 17%
251
13%
20
0
77
<$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
24 9 38%
61 70 115%
123 98 80%
106 40 38%
68 9 13%
35 6 17%
12 2 17%
11 0 n/a
98
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 34 ●
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