richmond CONDO -JUNE 2023
SALES TO LISTINGSRATIO 41% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 3% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 6% VS 2022
▲ 7% VS 2022
▼ 15% VS 2022
▲ 10% VS 2022
Therewere475 condolistingsin Richm ond in June,11% aboveM ayand 15% lowerthan June2022.
Junecondo salesrem ained thesam em onth-over-m onth, at193,and were10% aboveJune2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 31% 176 560
% Change
No. 45% 193 427
% Change
Thesales-to-listingratio forcondosin Richm ond,at41%, reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
41% 193 475
29% 10% -15%
-0.7% 1.6% 0% -10% 0% 11%
Thecondom edian pricein Junewas$700,000,a0% changefrom M ayand 7% aboveJune2022. Theaveragesold pricewas$731,627,1.6% abovelast m onth;theaveragePSF salepricewas$836,down 0.7% tolastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$836 $731,627 $700,000
$842 $720,115 $700,000
$812 $693,145 $655,750
3% 6% 7%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUN 202 ● JUN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
560
521
499
548
478
451
509
475
438
454
427
380
369
193
181
193
176
126
122
172
122
120
18
109
96
81
$683K
$675K $683K $700K $700K
$656K $633K
$635K $660K $650K $658K $645K $652K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
140
120
4+ bdrms
6
100
19
80
58%
3 bdrms
54%
76
60
37%
33%
40
113
21%
20%
2 bdrms
15%
252
20
0
61
<$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
27 9 33%
83 48 58%
135 73 54%
115 43 37%
59 12 20%
26 4 15%
19 4 21%
11 0 n/a
141
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