richmond DETACHED-MAY 2021
SALESTO LISTINGSRATIO 20% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 8% VS2020
▲ 8% VS2020
▲ 28% VS2020
▲ 225% VS2020
Therewere640detachedlistingsinRichmondinMay, 6%aboveApriland28%higherthanMay2020. Maydetachedhomesalesdecreasedby25% month-over-month,to130,andwere225%aboveMay 2020. Thesales-to-listingratiofordetachedinRichmond,at 20%,reflectedabalancedmarket.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 8% 40 501
%Change
No. 29% 173 604
%Change
TOTALLISTINGS TOTALSALES
20% 130 640
154% 225% 28%
-4% -0.5% -29% -25% 6%
ThedetachedmedianpriceinMaywas$1,742,500,a 0.5%decreasefromApriland8%aboveMay2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$1,874,043,4%belowlast monthanddown8%toMay2020.
$1,958,096 $1,752,000
$1,874,043 $1,742,500
$1,731,527 $1,610,500
8% 8%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
607
604
640
589
555
537
1.97
552
501
538
455
515
1.83
1.81
460
435
1.62
1.57
1.50
229
10
107
10
173
92
130
74
136
96
85
40
70
$1.85M $1.75M
$1.75M
$1.74M
$1.71M
$1.61M
$1.60M
$1.61M
$1.58M
$1.59M
$1.58M
$1.54M
$1.35M
May-20
Apr-21
May-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
200
100%
75%
150
53%
100
30%
50
19%
5%
5%
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
2 0 n/a
1 1 100%
8 6 75%
43 23 53%
210 64 30%
119 23 19%
113 6 5%
144 7 5%
Copyright©June7,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJune7,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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