richmond
DETACHED - JULY 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 13 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
12 % DOWN
-
1.8 % DOWN
12 % UP
10 %
There were 898 detached listings in Richmond in July, 3% below June and 1.8% lower than in July 2018. The 86 detached sales were a decrease of 4% month- over-month but up 12% year-over-year. The sales-to-listings ratio was unchanged at 10% in July, as Richmond’s detached market remained favourable to buyer’s. The benchmark price was $1.47M in July—0.7% below June 2019 and a 13% decrease from July 2018. The average sold price was $1.59M, 11% above last month but 12% lower year-over-year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 930
% Change
No. 914
% Change
TOTAL LISTINGS
898
-3% -4%
-1.8%
TOTAL SALES
86
90
77 8%
12% 14%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10%
10%
-1.0%
$1,474,800 $1,484,600 -0.7% $1,701,400 -13%
$1,586,724 $1,427,757
11% $1,811,554 -12%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.70
$1.66
$1.61
$1.58
$1.55
2.49
$1.50
$1.47
2.37
2.36
1.96
1.91
1.91
962
939
914
898
865
864
786
86
82
77
62
54
51
31
Jul-18
Jun-19
Jul-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
S-L RATIO SALES INVENTORY
CurrentasofAugust7,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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