richmond DETACHED-SEPTEMBER 2021
SALESTO LISTINGSRATIO 20% BALANCEDMARKET
▶ MARKETSUMMARY Therewere533detachedlistingsinRichmondin September,3%belowAugustand12%lowerthan September2020. Septemberdetachedhomesalesdecreasedby9% month-over-month,to106,andwere4%below September2020. Thesales-to-listingratiofordetachedinRichmond,at 20%,reflectedabalancedmarket. ThedetachedmedianpriceinSeptemberwas $1,764,000,a12%decreasefromAugustand15%above September2020. Theaveragesoldpricewas$1,937,347,11%belowlast monthandup11%toSeptember2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 11% VS2020
▲ 15% VS2020
▼ 12% VS2020
▼ 4% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 18% 110 607
%Change
No. 21% 116 550
%Change
TOTALLISTINGS TOTALSALES
20% 106 533
11% 15% 10% -4% -12%
-6% -9% -3%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,187,247 $1,994,000
-11% -12%
$1,937,347 $1,764,000
$1,746,231 $1,539,000
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
604
589
586
607
642
555
609
533
2.11
550
455
515
460
435
1.81
1.701.66
1.58
1.57
229
152
16
10
107
172
10
106
136
130
94
85
70
$1.99M
$1.85M $1.75M
$1.76M
$1.76M
$1.74M
$1.74M
$1.71M
$1.68M
$1.59M
$1.58M
$1.58M
$1.54M
Sep-20
Aug-21
Sep-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
160
140
120
100
80
44%
60
37%
33%
40
18%
11%
20
3%
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
3 1 33%
27 10 37%
131 57 44%
109 20 18%
115 13 11%
147 5 3%
Copyright©October12,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofOctober12,2021.AldatafromRealEstateBoard ofGreaterVancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
29
Made with FlippingBook - professional solution for displaying marketing and sales documents online