richmond CONDO -AUGUST 202
SALES TO LISTINGSRATIO 24% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 8% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 13% VS 2021
▲ 13% VS 2021
▼ 17% VS 2021
▼ 45% VS 2021
Therewere507 condolistingsin Richm ond in August, 7% below Julyand 17% lowerthan August2021. Augustcondosalesrem ained thesam e m onth-over-m onth,at122,and were45% below August 2021. Thesales-to-listingratio forcondosin Richm ond,at24%, reflected aselers'm arket. Thecondom edian pricein Augustwas$682,500,a8% increasefrom Julyand 13% aboveAugust2021. Theaveragesold pricewas$720,507,7% abovelast m onth;theaveragePSF salepricewas$785,up 1.3% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 36% 222 613
% Change
No. 22% 122 546
% Change
TOTALLISTINGS TOTALSALES
24% 122 507
8% 13% 13% -34% -45% -17%
1.3% 7% 8% 8% 0% -7%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$785 $720,507 $682,500
$776 $673,566 $632,500
$730 $636,382 $602,150
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 2021 ● AUG 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
578
613
559
546
512
469
507
509
412
439
344
291
365
243
315
232
222
176
233
230
225
214
194
177
122
122
$683K
$663K $682K $687K $673K $705K
$656K $633K
$602K $625K $620K $628K $639K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
150
2
4+ bdrms
10
100
13
3 bdrms
91
47%
35%
50
29%
71
25%
2 bdrms
287
13%
11%
8%
0
36
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
28 8 29%
73 34 47%
158 56 35%
120 13 11%
64 5 8%
32 4 13%
24 0 n/a
8 2 25%
119
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