richmond
DETACHED MARCH
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 15 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
4 % DOWN
13 % UP
-
144 % UP
44 %
There were 534 detached listings in Richmond in March, 16% above February but 4% lower vs March 2020. The 234 detached sales were an increase of 68% month-over-month and up 144% year-over-year. The sales-to-listings ratio rose to 44% in March, as Richmond’s detached market remained favourable to sellers. The benchmark price was $1.75M in March, 6% above February and 15% higher year-over-year. The average sold price was $1.97M, 2% above February and 13% higher year-over-year.
VS
VS
VS
VS
VS
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 461 139 30%
% Change
No. 557
% Change
TOTAL LISTINGS
534 234 44%
16% 68% 45%
-4%
TOTAL SALES
96
144% 154%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
17%
$1,747,800 $1,651,800 $1,973,261 $1,925,419
6% $1,522,800 2% $1,747,626
15% 13%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.75
$1.60
$1.58
$1.56
$1.53
$1.52
$1.51
2.02
1.94
1.93
646
1.24
1.24
617
1.21
578
557
534
535
483
234
112
96
94
87
71
42
Mar-20
Feb-21
Mar-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
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 April 6, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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