richmond CONDO -DECEMBER 202
SALESTO LISTINGSRATIO 26% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere369 condolistingsin Richm ond in D ecem ber, 16% below N ovem berand 17% higherthan D ecem ber 2021. D ecem bercondo salesdecreased by 12% m onth-over-m onth,to96,and were55% below D ecem ber2021. Thesales-to-listingratio forcondosin Richm ond,at26%, reflected aselers'm arket. Thecondom edian pricein D ecem berwas$657,950,a 1.2% increasefrom N ovem berand 3% aboveD ecem ber 2021. Theaveragesold pricewas$660,266,3% below last m onth;theaveragePSF salepricewas$755,up 3% to lastm onth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 4% VS2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 0.4% VS2021
▲ 3% VS2021
▲ 17% VS2021
▼ 55% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 68% 214 315
%Change
No. 25% 109 438
%Change
TOTALLISTINGS TOTALSALES
$755 $660,266 $657,950 26% 96 369
4% -0.4% 3% -62% -55% 17%
3% -3% 1.2% 5% -12% -16%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$734 $677,631 $650,000
$728 $663,227 $639,450
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● DEC 2021 ● DEC 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
521
513
499
560
548
509
438
413
440
344
369
365
291
315
214
176
233
225
126
194
122
177
96
122
120
109
$683K
$663K $682K $687K $673K $705K
$656K $633K
$639K
$635K $660K $650K $658K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
120
100
4+bdrms
6
80
7
3bdrms
60
71
49%
36%
40
63
25%
21%
2bdrms
20
203
7%
2%
0
26
<$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
24 6 25%
59 29 49%
110 40 36%
89 19 21%
45 1 2%
18 0 n/a
15 1 7%
9 0 n/a
89
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