richmond CONDO-JULY 2021
SALESTO LISTINGSRATIO 35% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 8% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 13% VS2020
▲ 16% VS2020
▼ 4% VS2020
▲ 44% VS2020
Therewere680condolistingsinRichmondinJuly,7% belowJuneand4%lowerthanJuly2020.
Julycondosalesincreasedby17%month-over-month,to 236,andwere44%aboveJuly2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 23% 164 706
%Change
No. 28% 202 729
%Change
Thesales-to-listingratioforcondosinRichmond,at35%, reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
35% 236 680
8% 13% 16% 49% 44% -4%
25% 17% -7%
ThecondomedianpriceinJulywas$620,000,a0change fromJuneand16%aboveJuly2020. Theaveragesoldpricewas$638,930,0.7%belowlast month;theaveragePSFsalepricewas$728,down0.9% tolastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$728 $638,930 $620,000
$722 $643,593 $620,000
0.9% -0.7% 0%
$677 $567,327 $535,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2020 ● JUL 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
729
692
781
774
769
763
706
680
629
641
619 645
606
341
303
204
236
154
250
164
202
197
178
157
142
142
$620K
$620K
$605K
$601K
$588K
$581K
$570K
$561K
$546K
$539K
$535K
$535K
$530K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
200
4+bdrms
7
150
18
3bdrms
51% 49%
117
100
29%
151
22%
50
2bdrms
410
12% 15%
5%
0
67
<$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
65 19 29%
175 90 51%
209 102 49%
123 15 12%
41 6 15%
43 2 5%
15 0 n/a
9 2 22%
146
Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 31 ●
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