richmond
DETACHED - OCTOBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
2 % DOWN
16 % DOWN
-
81 % UP
BALANCED 14 %
There were 768 detached listings in Richmond in October, 10% below September and 16% lower than in October 2018. The 107 detached sales were an increase of 49% month-over-month and up by 81% year-over-year. The sales-to-listings ratio slightly increased to 14% in October, as Richmond’s detached market became balanced. The benchmark price was $1.50M in October—1.7% above September 2019 but an 8% decrease from October 2018. The average sold price was $1.61M, 3% below last month and 2% lower year-over-year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 857
% Change
No. 910
% Change
TOTAL LISTINGS
768 107 14%
-10% 49% 66%
-16% 81% 115%
TOTAL SALES
72 8%
59 6%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,501,600 $1,476,800 1.7% $1,634,800
-8% -2%
$1,610,706 $1,660,169
-3% $1,649,289
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.63
$1.59
$1.55
$1.53
$1.50
$1.48
$1.46
2.45
2.40
2.35
1.94
1.92
1.92
946
940
910
880
831
768
647
107
90
67
59
40
37
29
Oct-18
Sep-19
Oct-19
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S-L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0
S-L RATIO SALES INVENTORY
Copyright © 2019 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 November 6, 2019. All data from RealEstateBoard ofGreaterVancouverandFraserValley & 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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