richmond DETACHED-JANUARY 202
SALESTO LISTINGSRATIO 39% SELLERS'MARKET
▶ MARKETSUMMARY Therewere269detachedlistingsinRichmondin January,10%belowDecemberand41%lowerthan January2021. Januarydetachedhomesalesincreasedby16% month-over-month,to106,andwere51%aboveJanuary 2021. Thesales-to-listingratiofordetachedinRichmond,at 39%,reflectedaselers'market. ThedetachedmedianpriceinJanuarywas$2,209,000,a 5%increasefromDecemberand39%aboveJanuary 2021. Theaveragesoldpricewas$2,288,745,1.5%abovelast monthandup31%toJanuary2021.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 31% VS2021
▲ 39% VS2021
▼ 41% VS2021
▲ 51% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
39% 106 269
$1,752,060 $1,591,900 15% 70 455
31% 39% 156% 51% -41%
$2,255,100 $2,100,000 31% 91 298
1.5% 5% 29% 16% -10%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,288,745 $2,209,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
605
588
643
534
61
1.97
551
1.95
515
1.86
455
390
458
435
1.71
1.67
1.53
229
269
298
152
131
14
172
106
136
130
16
70
106
94
91
$2.21M
$2.10M
$2.09M
$1.99M
$1.85M $1.75M
$1.81M
$1.76M
$1.76M
$1.74M
$1.74M
$1.68M
$1.59M
Jan-21
Dec-21
Jan-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
100
80
78%
75%
60
53%
40
37%
20
13%
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
4 3 75%
46 36 78%
60 32 53%
59 22 37%
100 13 13%
Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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