richmond DETACHED-JULY 2021
SALESTO LISTINGSRATIO 16% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 17% VS2020
▲ 9% VS2020
▲ 9% VS2020
▲ 2% VS2020
Therewere585detachedlistingsinRichmondinJuly,4% belowJuneand9%higherthanJuly2020.
Julydetachedhomesalesdecreasedby38% month-over-month,to94,andwere2%aboveJuly2020.
THISMONTH No. $2,002,660 $1,743,000 16% 94 585
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 25% 152 609
%Change
Thesales-to-listingratiofordetachedinRichmond,at 16%,reflectedabalancedmarket.
TOTALLISTINGS TOTALSALES
$1,710,360 $1,602,650 17% 92 538
2% 9%
-36% -38% -4%
ThedetachedmedianpriceinJulywas$1,743,000,a4% increasefromJuneand9%aboveJuly2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
17% 9% -6%
Theaveragesoldpricewas$2,002,660,4%abovelast monthandup17%toJuly2020.
$1,929,558 $1,680,000
4% 4%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
607
604
589
642
555
585
609
538
1.87
552
1.86
455
515
1.78
460
435
1.60
1.52
1.51
229
152
10
10
107
173
136
94
92
130
96
85
70
$1.85M $1.75M
$1.75M
$1.74M
$1.74M
$1.71M
$1.68M
$1.60M
$1.61M
$1.58M
$1.59M
$1.58M
$1.54M
Jul-20
Jun-21
Jul-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
100%
150
59%
100
50
22%
15%
10%
6%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
1 1 100%
32 19 59%
175 38 22%
107 16 15%
125 12 10%
145 8 6%
Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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