richmond CONDO-MAY 2021
SALESTO LISTINGSRATIO 36% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 12% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 13% VS2020
▲ 11% VS2020
▲ 8% VS2020
▲ 280% VS2020
Therewere692condolistingsinRichmondinMay,7% aboveApriland8%higherthanMay2020.
Maycondosalesdecreasedby17%month-over-month, to251,andwere280%aboveMay2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 47% 304 646
%Change
Thesales-to-listingratioforcondosinRichmond,at36%, reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
36% 251 692
$663 $575,573 $543,100 10% 66 642
253% 280% 8%
0.8% -23% -17% 7%
ThecondomedianpriceinMaywas$605,000,a0.8% increasefromApriland11%aboveMay2020. Theaveragesoldpricewas$648,039,3%abovelast month;theaveragePSFsalepricewas$741,up4%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$741 $648,039 $605,000
$715 $628,068 $600,250
12% 13% 11%
4% 3%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2020 ● MAY 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
695
781
774
769
763
692
629
706
642
646
641
619
606
341
304
204
251
164
154
134
197
178
157
142
142
66
$605K
$600K
$588K
$581K
$570K
$561K
$546K
$543K
$539K
$535K
$535K
$528K
$530K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
4 1
200
4+bdrms
150
30
60%
3bdrms
133
100
44%
36%
27%
136
2bdrms
50
15%
397
14%
9% 8%
0
84
<$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
55 20 36%
173 103 60%
220 97 44%
130 18 14%
44 4 9%
39 3 8%
20 3 15%
11 3 27%
158
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