richmond CONDO -MARCH 2023
SALES TO LISTINGSRATIO 40% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 3% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 2% VS 2022
▼ 1.7% VS 2022
▲ 10% VS 2022
▼ 38% VS 2022
Therewere455 condolistingsin Richm ond in M arch, 0.7% aboveFebruaryand 10% higherthan M arch 2022.
M arch condosalesincreased by53% m onth-over-m onth, to181,and were38% below M arch 2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 70% 291 413
% Change
No. 26% 118 452
% Change
Thesales-to-listingratio forcondosin Richm ond,at40%, reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
40% 181 455
-3% 2% -1.7% -44% -38% 10%
0.6% -4% 3% 52% 53% 0.7%
Thecondom edian pricein M arch was$675,000,a3% increasefrom Februaryand 1.7% below M arch 2022. Theaveragesold pricewas$707,515,4% below last m onth;theaveragePSF salepricewas$794,up 0.6% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$794 $707,515 $675,000
$789 $736,598 $652,400
$814 $693,014 $687,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 202 ● MAR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
521
513
499
560
548
452
509
438
455
413
440
380
369
291
176
233
181
126
194
122
122
120
18
109
96
81
$687K $673K $705K
$656K $633K $683K $635K $660K $650K $658K $645K $652K $675K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
120
4+ bdrms
9
87%
100
80
26
3 bdrms
80
49%
60
37%
31%
40
101
2 bdrms
17%
253
20
10% 9%
0
54
<$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
26 8 31%
67 58 87%
127 62 49%
95 35 37%
77 13 17%
30 3 10%
23 2 9%
10 0 n/a
113
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