richmond
CONDO JANUARY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
2 % UP
0.6 % UP
13 % DOWN
53 % UP
BALANCED 19 %
0.9 % DOWN
The number of condo listings in Richmond increased 8% between December and January (to 542), but fell by 13% from last January. The number of condo sales decreased by 29% vs December (to 101) but rose 53% vs January 2019. The sales-to-listings ratio dipped to 19%, as Richmond’s condo market transitioned to balanced market territory. The condo benchmark price was $634,100 in January, 0.6% above December but 0.9% lower than in January 2019. The average sold price was $596,045 (up 4% vs December) while the average PSF sales price was $677 (5% higher month-over-month).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 504 142 28%
% Change
No. 626
% Change
TOTAL LISTINGS
542 101 19%
8%
-13% 53% 77% -0.9%
TOTAL SALES
-29% -34%
66
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
11%
$634,100 $630,200 $596,045 $575,646
0.6% $640,000 4% $583,781
2%
$677
$647
5%
$673
0.6%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$640,000 $637,700 $637,900 $622,500 $627,100 $627,100 $634,100
915
914
850
773
706
626
542
148
136
134
132
101
93
66
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
14
3+ bdrms
BUYER'S MARKET
91
50
2 bdrms
308
37
<2 bdrms
. . . . 0 0 0 0
143
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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