richmond CONDO-NOVEMBER 2021
SALESTO LISTINGSRATIO 50% SELLERS'MARKET
▶ MARKETSUMMARY Therewere469condolistingsinRichmondin November,8%belowOctoberand39%lowerthan November2020. Novembercondosalesdecreasedby4% month-over-month,to233,andwere48%above November2020. Thesales-to-listingratioforcondosinRichmond,at50%, reflectedaselers'market. ThecondomedianpriceinNovemberwas$628,000,a 1.3%increasefromOctoberand18%aboveNovember 2020. Theaveragesoldpricewas$645,809,0.6%belowlast month;theaveragePSFsalepricewas$741,up0.5%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 16% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 13% VS2020
▲ 18% VS2020
▼ 39% VS2020
▲ 48% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 21% 157 763
%Change
No. 48% 243 509
%Change
TOTALLISTINGS TOTALSALES
50% 233 469
16% 13% 18% 141% 48% -39%
-4% -8%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
0.5% -0.6% 1.3% 4%
$741 $645,809 $628,000
$737 $649,504 $619,900
$642 $570,331 $530,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2020 ● NOV 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
728
763
691
629
680
578
644
641
618
613
606
469
509
341
303
243
236
233
154
250
230
222
157
202
197
142
$628K
$620K
$620K
$625K
$620K
$605K
$601K
$602K
$588K
$570K
$561K
$546K
$530K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
140
4+bdrms
6
120
100
66%
23
62%
3bdrms
80
63
42%
42%
60
136
40
2bdrms
18%
293
11%
20
0
74
<$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
43 18 42%
126 83 66%
144 89 62%
84 35 42%
33 6 18%
19 2 11%
14 0 n/a
6 0 n/a
107
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