detached
R I C H M O N D - F E B R U A R Y 2 0 1 9
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 12 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
-
12 % UP
BUYER’S 4 %
4 % DOWN
30 % DOWN
There were 828 detached listings in Richmond in February 2019, 4% above January and 12% higher than in February 2018. The 37 detached sales were a 19% increase month- over-month and were 30% below February 2018. The sales-to-listings ratio was unchanged at 4% in February, as Richmond’s detached market remained favourable to buyer’s. The benchmark price was $1.55M in February—2% below January and a 12% decrease from February 2018. The average sold price was $1.66M, 0.7% above last month but 4% lower year-over-year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 794
% Change
No. 738
% Change
TOTAL LISTINGS
828
4%
12% -30% -38%
TOTAL SALES
37 4%
31 4%
19% 14%
53 7%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,546,500 $1,581,600
-2% $1,758,700 -12%
$1,664,603 $1,653,148 0.7% $1,739,703
-4%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.76
$1.75
$1.71
$1.67
$1.63
2.61
$1.59
$1.55
2.41
2.34
2.15
939
931
926
1.96
1.94
810
828
738
666
81
65
59
54
53
37
29
Feb-18
Jan-19
Feb-19
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 QD
S-L RATIO SALES INVENTORY
CurrentasofMarch5,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (the“Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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