the rennie review - December 2021

richmond TOWNHOME-NOVEMBER 2021

SALESTO LISTINGSRATIO 111% SELLERS'MARKET

▶ MARKETSUMMARY Therewere103townhomelistingsinRichmondin November,26%belowOctoberand61%lowerthan November2020. Novembertownhomesalesremainedthesame month-over-month,at114,andwere30%above November2020. Thesales-to-listingratiofortownhomesinRichmond,at 111%,reflectedaselers'market. ThetownhomemedianpriceinNovemberwas $1,053,500,a11%increasefromOctoberand22%above November2020. Theaveragesoldpricewas$1,064,142,6%abovelast month;theaveragePSFsalepricewas$738,up7%to lastmonth.

AVERAGEPRICE

AVERAGE PSFPRICE ▲ 24% VS2020

MEDIANPRICE

TOTALLISTINGS

SALES

▲ 21% VS2020

▲ 22% VS2020

▼ 61% VS2020

▲ 30% VS2020

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

%Change

No. 81% 114 140

%Change

TOTALLISTINGS TOTALSALES

114 103

$593 $877,258 $864,000 33% 88 265

24% 21% 22% 233% 30% -61%

11% 36% 0% -26%

SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF

$738 $1,064,142 $1,053,500 111%

$687 $1,006,865 $947,950

7% 6%

▶ AVGPRICEPERSQUAREFOOT

▶ RECENTTRENDS

● NOV 2020 ● NOV 2021

● SALES ● TOTALINVENTORY ● MEDIANPRICE

265

238

235

232

230

224

208

220

217

177

169

162

179

140

15

103

14

17

14

13

78

88

103

97

93

59

$1.05M

$1.03M

$970K

$950K

$942K

$938K

$945K

$948K

$918K

$902K

$880K

$864K

$858K

RICHMOND

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SELERS'MARKET 21%+

BALANCED 12-20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-LRATIO

35

17

100%+ 100%+ 100%+ 100%+

96%

4+bdrms

30

29

25

83

20

3bdrms

68

15

31%

13

10

2bdrms

6

5

0

1

<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+

<2bdrms

S-LRATIO SALES INVENTORY

1 2 200%

9 15 167%

28 35 125%

22 31 141%

28 27 96%

13 4 31%

2 0 n/a

Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 33 ●

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