richmond
DETACHED APRI L
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
47 % DOWN
10 % DOWN
7 % UP
-
0.0 %
7 %
There were 498 detached listings in Richmond in April, 9% belowMarch and 47% lower than in April 2019. The 36 detached sales were a decrease of 63% month-over-month and 10% lower year-over-year. The sales-to-listings ratio decreased to 7% in April, as Richmond’s detached market transitioned to a buyer’s market. The benchmark price was $1.53M in April—0.5% above March and relatively unchanged from April 2019. The average sold price was $1.70M, 3% below last month but 7% higher year-over-year.
VS
VS
VS
VS
VS
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 545
% Change
No. 947
% Change
TOTAL LISTINGS
498
-9%
-47% -10% 71%
TOTAL SALES
36 7%
97
-63% -59%
40 4%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
18%
$1,530,500 $1,522,800 0.5% $1,531,000 0.0%
$1,699,946 $1,749,300
-3% $1,583,547
7%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.53
$1.53
$1.51
$1.50
$1.50
$1.48
$1.46
1.97
1.92
1.91
947
941
882
794
1.23
1.22
1.21
596
527
498
107
90
86
66
53
40
36
Apr-19
Mar-20
Apr-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0 QD QD
S-L RATIO SALES INVENTORY
Copyright © 2020 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 May 5, 2020. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
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