richmond
DETACHED FEBRUARY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 10 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
24 % DOWN
3 % UP
-
162 % UP
SELLER’S 31 %
There were 451 detached listings in Richmond in February, 5% below January and 24% lower vs February 2020. The 139 detached sales were an increase of 96% month-over-month and up 162% year-over-year. The sales-to-listings ratio rose to 31% in February, as Richmond’s detached market became favourable to sellers. The benchmark price was $1.65M in February, 3% above January and 10% higher year-over-year. The average sold price was $1.93M, 10% above January and 3% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 477
% Change
No. 596
% Change
TOTAL LISTINGS
451 139 31%
-5% 96%
-24% 162% 247%
TOTAL SALES
71
53 9%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
15%
107%
$1,651,800 $1,599,200 $1,926,250 $1,749,214
3% $1,506,800 10% $1,862,667
10%
3%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.65
$1.58
$1.58
$1.55
$1.53
$1.51
$1.51
1.94
1.94
1.93
1.24
1.24
1.22
647
604
596
561
523
461
451
139
112
107
98
75
53
36
Feb-20
Jan-21
Feb-21
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 QD QD
S-L RATIO SALES INVENTORY
Copyright © 2021 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 March 3, 2021. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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