richmond DETACHED-NOVEMBER 2021
SALESTO LISTINGSRATIO 34% SELLERS'MARKET
▶ MARKETSUMMARY Therewere389detachedlistingsinRichmondin November,15%belowOctoberand30%lowerthan November2020. Novemberdetachedhomesalesincreasedby13% month-over-month,to131,andwere54%above November2020. Thesales-to-listingratiofordetachedinRichmond,at 34%,reflectedaselers'market. ThedetachedmedianpriceinNovemberwas $2,088,000,a15%increasefromOctoberand33%above November2020. Theaveragesoldpricewas$2,236,131,11%abovelast monthandup27%toNovember2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 27% VS2020
▲ 33% VS2020
▼ 30% VS2020
▲ 54% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 25% 116 457
%Change
TOTALLISTINGS TOTALSALES
34% 131 389
$1,754,611 $1,575,000 15% 85 555
27% 33% 120% 54% -30%
11% 15% 33% 13% -15%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,010,126 $1,809,544
$2,236,131 $2,088,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
604
586
642
555
533
609
1.98
550
455
1.91
515
1.82
460
457
435
389
1.68
1.63
1.53
229
152
14
10
172
131
136
130
85
16
106
94
70
$2.09M
$1.99M
$1.85M $1.75M
$1.81M
$1.76M
$1.76M
$1.74M
$1.74M
$1.71M
$1.68M
$1.59M
$1.58M
Nov-20
Oct-21
Nov-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
120
100%+
100
80
52%
50%
60
44%
40
24%
15%
20
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
1 0 n/a
1 0 n/a
2 1 50%
7 10 143%
95 49 52%
68 30 44%
92 22 24%
123 19 15%
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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