richmond
CONDO APRI L
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 2 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
32 % DOWN
BUYER’S 11 %
28 % DOWN
4 % DOWN
0.8 % UP
The number of condo listings in Richmond fell by 6% between March and April (to 566), and decreased by 32% vs April 2019. The number of condo sales decreased by 61% vs March (to 65) and fell by 28% vs April 2019. The sales-to-listings ratio fell to 11%, as Richmond’s condo market transitioned to buyer’s market territory. The condo benchmark price was $652,600 in April, relatively unchanged fromMarch and 2% higher vs April 2019. The average sold price was $556,862 (down 7% vs March) while the average PSF sales price was $654 (5% lower vs March).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 602 166 28%
% Change
No. 829
% Change
TOTAL LISTINGS
566
-6%
-32% -28%
TOTAL SALES
65
-61% -58%
90
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
11%
11%
6% 2%
$652,600 $655,200 $556,862 $596,211
-0.4% $639,300 -7% $578,119
-4%
$654
$692
-5%
$649
0.8%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$639,300 $628,500 $626,700 $625,500 $630,200 $640,700 $652,600
921
904
829
773
596
566
513
151
141
135
128
119
90
65
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
7
3+ bdrms
BUYER'S MARKET
94
38
2 bdrms
312
20
<2 bdrms
. . . . 0 0 0 0 QD QD QD
160
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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