richmond CONDO -NOVEMBER 202
SALES TO LISTINGSRATIO 25% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere438 condolistingsin Richm ond in N ovem ber,12% below O ctoberand 7% lowerthan N ovem ber2021. N ovem bercondosalesdecreased by13% m onth-over-m onth,to 109,and were53% below N ovem ber2021. Thesales-to-listingratio forcondosin Richm ond,at25%, reflected aselers'm arket. Thecondom edian pricein N ovem berwas$650,000,a 1.5% decreasefrom O ctoberand 3% aboveN ovem ber 2021. Theaveragesold pricewas$677,631,0.9% below last m onth;theaveragePSF salepricewas$734,down 6% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 1.2% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 5% VS 2021
▲ 3% VS 2021
▼ 7% VS 2021
▼ 53% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 49% 232 469
% Change
No. 25% 126 499
% Change
TOTALLISTINGS TOTALSALES
25% 109 438
-1.2% 5% 3% -50% -53% -7%
-6% -0.9% -1.5% -1.4% -13% -12%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$734 $677,631 $650,000
$781 $683,494 $660,000
$743 $647,481 $628,450
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2021 ● NOV 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
521
513
499
560
548
469
509
413
438
440
344
365
291
315
232
176
233
225
214
126
194
122
177
109
122
120
$683K
$663K $682K $687K $673K $705K
$656K $633K
$628K $639K
$635K $660K $650K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
160
140
4+ bdrms
6
120
100
12
3 bdrms
80
72
47%
60
36%
67
40
24%
2 bdrms
20%
15% 16%
254
13%
20
0
30
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
28 10 36%
77 36 47%
147 35 24%
105 16 15%
43 7 16%
15 3 20%
16 2 13%
7 0 n/a
106
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