richmond DETACHED-MARCH 202
SALESTO LISTINGSRATIO 34% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 17% VS2021
▲ 15% VS2021
▼ 16% VS2021
▼ 36% VS2021
Therewere435detachedlistingsinRichmondinMarch, 16%aboveFebruaryand16%lowerthanMarch2021. Marchdetachedhomesalesincreasedby49% month-over-month,to146,andwere36%belowMarch 2021. Thesales-to-listingratiofordetachedinRichmond,at 34%,reflectedaselers'market.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 44% 229 515
%Change
%Change
No.
TOTALLISTINGS TOTALSALES
34% 146 435
17% 15% -25% -36% -16%
3% 0.4% 28% 49% 16%
$2,253,697 $2,120,944 26% 98 374
ThedetachedmedianpriceinMarchwas$2,129,000,a 0.4%increasefromFebruaryand15%aboveMarch2021.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$2,324,449,3%abovelast monthandup17%toMarch2021.
$2,324,449 $2,129,000
$1,984,511 $1,850,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
605
588
643
534
61
2.02
551
515
435
1.84
390
458
374
1.741.79
1.69
1.56
298
229
269
152
131
13
106
146
172
130
16
106
98
94
91
$2.21M
$2.13M $2.12M
$2.10M
$2.09M
$1.99M
$1.85M
$1.81M
$1.76M
$1.76M
$1.74M
$1.74M
$1.68M
Mar-21
Feb-22
Mar-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
120
100
80
53%
49%
60
40
28%
17%
20
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
2 0 n/a
19 0 n/a
116 61 53%
78 38 49%
94 26 28%
126 21 17%
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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