richmond CONDO-SEPTEMBER 2021
SALESTO LISTINGSRATIO 40% SELLERS'MARKET
▶ MARKETSUMMARY Therewere577condolistingsinRichmondin September,6%belowAugustand25%lowerthan September2020. Septembercondosalesincreasedby4% month-over-month,to230,andwere13%above September2020. Thesales-to-listingratioforcondosinRichmond,at40%, reflectedaselers'market. ThecondomedianpriceinSeptemberwas$625,000,a 4%increasefromAugustand16%aboveSeptember 2020. Theaveragesoldpricewas$641,219,0.8%abovelast month;theaveragePSFsalepricewas$758,up4%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 14% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 9% VS2020
▲ 16% VS2020
▼ 25% VS2020
▲ 13% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 26% 204 774
%Change
No. 36% 222 613
%Change
TOTALLISTINGS TOTALSALES
40% 230 577
14% 9% 16% 51% 13% -25%
4% 0.8% 4% 10% 4% -6%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$758 $641,219 $625,000
$730 $636,382 $602,150
$666 $586,124 $539,400
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● SEP 2020 ● SEP 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
774
728
691
680
769
763
629
644
641
577
618
613
606
341
303
236
230
204
154
250
222
202
197
178
157
142
$625K
$620K
$620K
$601K
$605K
$602K
$588K
$570K
$561K
$546K
$539K
$535K
$530K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
200
1
4+bdrms
6
150
16
59%
3bdrms
100
52%
82
29%
130
26%
50
2bdrms
19%
371
11%
7%
0
83
<$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
55 16 29%
143 84 59%
183 96 52%
118 23 19%
31 8 26%
28 2 7%
9 1 11%
10 0 n/a
118
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