richmond CONDO-JANUARY 202
SALESTO LISTINGSRATIO 51% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 15% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 13% VS2021
▲ 18% VS2021
▼ 45% VS2021
▲ 25% VS2021
Therewere344condolistingsinRichmondinJanuary, 9%aboveDecemberand45%lowerthanJanuary2021. Januarycondosalesdecreasedby17% month-over-month,to177,andwere25%aboveJanuary 2021. Thesales-to-listingratioforcondosinRichmond,at51%, reflectedaselers'market. ThecondomedianpriceinJanuarywas$662,800,a4% changefromDecemberand18%aboveJanuary2021. Theaveragesoldpricewas$692,551,4%abovelast month;theaveragePSFsalepricewas$795,up9%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 23% 142 629
%Change
No. 68% 214 315
%Change
TOTALLISTINGS TOTALSALES
51% 177 344
15% 13% 18% 128% 25% -45%
-24% -17% 9%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$795 $692,551 $662,800
$728 $663,227 $639,450
9% 4% 4%
$692 $613,087 $560,950
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 2021 ● JAN 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
691
680
728
629
578
644
618
613
606
469
509
341
303
344
243
236
232
315
250
230
222
177
214
202
197
142
$663K
$639K
$625K
$628K
$620K
$620K
$620K
$605K
$601K
$602K
$588K
$570K
$561K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
120
3
100
4+bdrms
93%
11
80
67%
12
3bdrms
60
54%
61
40
27%
27%
108
2bdrms
18%
181
20
7%
0
54
<$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
30 8 27%
60 56 93%
111 74 67%
54 29 54%
46 3 7%
22 4 18%
11 3 27%
10 0 n/a
91
Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 34 ●
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