richmond
DETACHED SEPTEMBER
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
27 % DOWN
5 % UP
-
58 % UP
BALANCED 18 %
There was 630 detached listings in Richmond in September, 6% above August but 27% lower vs September 2019. The 112 detached sales were an increase of 14% month-over-month and 58% higher year-over-year. The sales-to-listings ratio increased to 18% in September, as Richmond’s detached market remained balanced. The benchmark price was $1.56M in September, 1.2% above August and 6% higher year-over-year. The average sold price was $1.73M, 3% below August but 5% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 595
% Change
No. 868
% Change
TOTAL LISTINGS
630 112 18%
6%
-27% 58% 117%
TOTAL SALES
98
14%
71 8%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
16%
8%
$1,564,600 $1,545,500 1.2% $1,476,800
6% 5%
$1,730,512 $1,783,075
-3% $1,652,565
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.56
$1.53
$1.52
$1.51
$1.50
$1.49
$1.48
1.94
1.92
1.92
868
772
1.23
1.23
1.23
630
578
573
557
535
112
96
94
71
69
52
42
Sep-19
Aug-20
Sep-20
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
Copyright © 2020 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of October 5, 2020. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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