richmond
DETACHED - MAY 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 13 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
7 % UP
14 % DOWN
6 % DOWN
-
BUYER’S 9 %
There were 956 detached listings in Richmond in May 2019, virtually unchanged from April and 7% higher than in May 2018. The 82 detached sales were a 100% increase month- over-month but were 6% below May 2018. The sales-to-listings ratio increased to 9% in May, as Richmond’s detached market remained favourable to buyer’s. The benchmark price was $1.50M in May—1.8% below April 2019 and a 13% decrease from May 2018. The average sold price was $1.64M, 4% above last month but 14% lower year-over-year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 957
% Change
No. 894
% Change
TOTAL LISTINGS
956
-0.1% 100% 100%
7%
TOTAL SALES
82 9%
41 4%
87
-6%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10%
-12%
$1,503,700 $1,531,000 -1.8% $1,724,600 -13%
$1,641,486 $1,579,070
4% $1,919,397 -14%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.72
$1.70
$1.66
$1.61
$1.58
2.51
$1.55
$1.50
2.39
2.36
2.04
960
956
1.97
934
1.94
894
886
886
807
87
82
77
62
54
51
31
May-18
Apr-19
May-19
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S-L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0
S-L RATIO SALES INVENTORY
CurrentasofJune4,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (the“Information”) is intended for informationalpurposesonly.RAR&RMShasnotverifiedthe informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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