richmond
CONDO SEPTEMBER
AVERAGE PRICE
AVERAGE PSF PRICE 6 % UP
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
5 % UP
12 % DOWN
SELLER’S 27 %
51 % UP
The number of condo listings in Richmond decreased by 3% between August and September (to 752), and fell by 12% vs September 2019. The number of condo sales increased by 44% vs August (to 203) and rose 51% vs September 2019. The sales-to-listings ratio increased to 27%, as Richmond’s condo market transitioned to seller’s market territory. The condo benchmark price was $654,900 in September, 0.5% below August but 4% higher vs September 2019. The average sold price was $588,235 (down 3% vs August) while the average PSF sales price was $667 (3% below August).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 772 141 18%
% Change
No. 852 134 16%
% Change
TOTAL LISTINGS
752 203 27%
-3% 44% 48%
-12% 51% 72%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$654,900 $658,000 $588,235 $609,316
-0.5% $627,100 -3% $561,071
4% 5% 6%
$667
$691
-3%
$630
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$627,100 $627,100 $634,600 $655,400 $652,800 $651,000 $654,900
852
752
715
708
658
615
562
203
165
163
136
134
101
64
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
15
3+ bdrms
BUYER'S MARKET
127
125
2 bdrms
430
63
<2 bdrms
. . . . 0 0 0 0
195
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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