richmond
DETACHED JANUARY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
30 % DOWN
3 % UP
-
68 % UP
BUYER’S 9 %
There were 551 detached listings in Richmond in January, 6% above December but 30% lower than in January 2019. The 52 detached sales were a decrease of 40% month-over-month but up by 68% year-over-year. The sales-to-listings ratio decreased to 9% in January, as Richmond’s detached market transi- tioned to buyer’s market territory. The benchmark price was $1.50M in January—0.5% above December but a 5% decrease from January 2019. The average sold price was $1.69M, relative- ly unchanged from last month and 3% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 521
% Change
No. 788
% Change
TOTAL LISTINGS
551
6%
-30% 68% 140%
TOTAL SALES
52 9%
87
-40% -43%
31 4%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
17%
$1,503,100 $1,495,400 0.5% $1,581,600 $1,694,980 $1,689,512 0.3% $1,653,148
-5%
3%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
MILLIONS
$1.58
$1.55
$1.50
$1.50
$1.49
$1.48
$1.47
1.96
1.94
1.94
964
919
868
867
788
772
1.26
1.22
1.22
551
86
82
71
69
54
52
31
Jan-19
Dec-19
Jan-20
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
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 February 5, 2020. All data from RealEstateBoardof 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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