richmond
CONDO FEBRUARY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
SELLER’S 33 %
3 % DOWN
1.8 % DOWN
0.3 % UP
46 % UP
The number of condo listings in Richmond decreased by 5% month-over-month (to 601), but increased by 0.3% vs February 2020. The number of condo sales increased by 39% vs January (to 197) and rose 46% vs February 2020. The sales-to-listings ratio increased to 33%, as Richmond’s condo market remained in seller’s market territory. The condo benchmark price was $683,200 in February, 3% above January and 6% higher vs February 2020. The average sold price was $589,365 (down 4% vs January) while the average PSF sales price was $694 (unchanged from January).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 631 142 23%
% Change
No. 599 135 23%
% Change
TOTAL LISTINGS
601 197 33%
-5% 39% 46%
0.3% 46% 45%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$683,200 $663,300 $589,365 $613,087
3% $641,600 -4% $600,399
6%
-1.8%
$694
$694
0.0%
$718
-3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$683,200
$641,600 $652,800 $650,700 $658,000 $656,600 $652,600
786
784
687
601
611
599
595
197
178
154
141
135
134
65
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
20
3+ bdrms
BUYER'S MARKET
105
105
2 bdrms
373
72
<2 bdrms
. . . . 0 0 0 0 QD QD
123
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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