CONDO APRI L richmond
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 7 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
13 % DOWN
13 % DOWN
73 % UP
46 % DOWN
BUYER’S 11 %
The number of condo listings in Richmond increased 5% between March and April (to 810), and increased by 73% from last April. The number of condo sales dipped by 3% vs March 2019 (to 90) and were 46% lower vs April 2018. The sales-to-listings ratio dipped to 11%, as Richmond’s condo market transitioned to buyer’s market territory. The condo benchmark price was $654,900 in April, virtually unchanged from March and 7% lower than in April 2018. The average sold price was $578,119 (up 5% vs March) while the average PSF sales price was $649 (up 1.2% month-over-month).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 774
% Change
No. 467 167 36%
% Change
TOTAL LISTINGS
810
5%
73% -46% -69% -13% -13% -7%
TOTAL SALES
90
93
-3% -8%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
11%
12%
$654,900 $653,400 $578,119 $548,236
0.2% $700,600 5% $667,431
$649
$641
1.2%
$744
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$700,600 $699,700 $685,500 $681,900 $668,500 $660,100 $654,900
810
681
672
597
594
542
467
167
162
154
124
90
89
66
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S L RATIO
SALES TOTAL INVENTORY
6
3+ bdrms
119
SELLER'S MARKET
57
2 bdrms
BALANCED
490
BUYER'S MARKET
27
<2 bdrms
. . . . 0 0 0 0 QD QD
201
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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