richmond
CONDO NOVEMBER
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % UP
6 % UP
SELLER’S 21 %
0.3 % UP
15 % UP
The number of condo listings in Richmond decreased by 3% between October and November (to 747), but increased by 6% vs November 2019. The number of condo sales decreased by 12% vs October (to 157) but rose 15% vs November 2019. The sales-to-listings ratio decreased to 21%, as Richmond’s condo market remained in seller’s market territory. The condo benchmark price was $651,900 in November, 0.7% below October but 4% higher vs November 2019. The average sold price was $575,541 (up 4% vs October) while the average PSF sales price was $645 (3% below October).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 773 178 23%
% Change
No. 708 136 19%
% Change
TOTAL LISTINGS
747 157 21%
-3%
6%
TOTAL SALES
-12%
15%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-9%
9% 4% 3%
$651,900 $656,600 $575,541 $552,198
-0.7% $627,100 4% $557,354
$645
$665
-3%
$643
0.3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$627,100 $634,600 $655,400 $652,800 $651,000 $654,900 $651,900
785
747
716
708
658
615
562
203
165
163
157
136
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
16
3+ bdrms
BUYER'S MARKET
124
94
2 bdrms
442
47
<2 bdrms
. . . . 0 0 0 0 QD
181
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 December 3, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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