richmond CONDO-MARCH 202
SALESTO LISTINGSRATIO 71% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 15% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 12% VS2021
▲ 17% VS2021
▼ 33% VS2021
▼ 15% VS2021
Therewere412condolistingsinRichmondinMarch, 13%aboveFebruaryand33%lowerthanMarch2021.
Marchcondosalesincreasedby29%month-over-month, to291,andwere15%belowMarch2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 55% 341 618
%Change
No. 62% 225 365
%Change
Thesales-to-listingratioforcondosinRichmond,at71%, reflectedaselers'market.
TOTALLISTINGS TOTALSALES
71% 291 412
15% 12% 17% 28% -15% -33%
0.3% -3% 0.7% 15% 29% 13%
ThecondomedianpriceinMarchwas$687,000,a0.7% increasefromFebruaryand17%aboveMarch2021. Theaveragesoldpricewas$693,014,3%belowlast month;theaveragePSFsalepricewas$814,up0.3%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$814 $693,014 $687,000
$811 $711,669 $682,000
$710 $619,089 $588,250
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 2021 ● MAR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
691
680
728
578
618
644
613
469
509
412
344
303
341
365
291
243
236
232
315
250
230
225
222
214
202
177
$687K
$682K
$663K
$639K
$628K
$620K
$620K
$625K
$620K
$605K
$601K
$602K
$588K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
120
1
100%+ 100%+
4+bdrms
100
14
74%
80
36
59%
3bdrms
81
60
40
156
21%
20%
2bdrms
226
20
9%
0
98
<$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
23 17 74%
77 78 101%
98 120 122%
99 58 59%
61 13 21%
32 3 9%
10 2 20%
12 0 n/a
91
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