richmond CONDO -OCTOBER 202
SALES TO LISTINGSRATIO 25% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 6% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 5% VS 2021
▲ 6% VS 2021
▼ 2.0% VS 2021
▼ 48% VS 2021
Therewere499 condolistingsin Richm ond in O ctober, 4% below Septem berand 2.0% lowerthan October2021.
O ctobercondosalesincreased by5% m onth-over-m onth, to126,and were48% below October2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 48% 243 509
% Change
No. 23% 120 521
% Change
Thesales-to-listingratio forcondosin Richm ond,at25%, reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
25% 126 499
-47% -48% -2%
3% 9% 4% 10% 5% -4%
Thecondom edian pricein Octoberwas$660,000,a4% increasefrom Septem berand 6% aboveO ctober2021. Theaveragesold pricewas$683,494,9% abovelast m onth;theaveragePSF salepricewas$781,up 3% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$781 $683,494 $660,000
$760 $624,559 $635,000
$737 $649,504 $619,900
6% 5% 6%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2021 ● OCT 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
521
513
560
548
509
469
499
509
413
440
344
365
291
315
232
243
176
233
225
214
194
122
177
126
122
120
$683K
$663K $682K $687K $673K $705K
$656K $633K
$635K $660K
$620K $628K $639K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
140
1
4+ bdrms
120
9
100
12
80
3 bdrms
89
45%
42%
60
31%
75
40
2 bdrms
20%
19%
281
20
5%
3%
0
38
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
29 13 45%
90 38 42%
143 44 31%
115 23 20%
66 2 3%
27 5 19%
21 1 5%
8 0 n/a
120
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