richmond
DETACHED APRI L
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 12 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
-
15 % UP
BUYER’S 4 %
18 % DOWN
37 % DOWN
There were 935 detached listings in Richmond in April 2019, 7% above March and 15% higher than in April 2018. The 41 detached sales were a 24% decrease month- over-month and were 37% below April 2018. The sales-to-listings ratio dipped to 4% in April, as Richmond’s detached market remained favourable to buyer’s. The benchmark price was $1.53M in April—1.0% below March 2019 and a 12% decrease from April 2018. The average sold price was $1.58M, 9% below last month and 18% lower year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 876
% Change
No. 810
% Change
TOTAL LISTINGS
935
7%
15% -37% -45%
TOTAL SALES
41 4%
54 6%
-24% -29%
65 8%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,531,000 $1,546,500 -1.0% $1,745,200 -12%
$1,580,168 $1,741,738
-9% $1,915,480 -18%
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-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
MILLIONS
$1.75
$1.71
$1.67
$1.63
2.49
$1.59
$1.55
$1.53
2.37
2.34
2.08
939
935
931
926
1.96
1.95
852
810
666
81
65
59
54
41
37
29
Apr-18
Mar-19
Apr-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 QD QD
S-L RATIO SALES INVENTORY
CurrentasofMay3,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The information setoutherein (the “Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the 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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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