richmond
CONDO MARCH
AVERAGE PRICE
AVERAGE PSF PRICE 3 % UP
BENCHMARK PRICE 6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
108 % UP 0.3 % DOWN
SELLER’S 56 %
4 % UP
The number of condo listings in Richmond decreased by 3% month-over-month (to 613), and decreased by 0.3% vs March 2020. The number of condo sales increased by 74% vs February (to 343) and rose 108% vs March 2020. The sales-to-listings ratio increased to 56%, as Richmond’s condo market remained in seller’s market territory. The condo benchmark price was $695,800 in March, 1.8% above February and 6% higher vs March 2020. The average sold price was $619,464 (up 5% vs February) while the average PSF sales price was $711 (up 2% vs February).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 630 197 31%
% Change
No. 615 165 27%
% Change
TOTAL LISTINGS
613 343 56%
-3% 74% 79%
-0.3% 108% 109%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$695,800 $683,200 $619,464 $589,358
1.8% $655,400 5% $594,564
6% 4% 3%
$711
$694
2%
$690
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$695,800
$655,400 $652,800 $651,000 $654,900 $651,900 $663,300
785
781
716
658
650
613
615
343
203
165
163
156
142
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
34
3+ bdrms
BUYER'S MARKET
115
199
2 bdrms
376
110
<2 bdrms
. . . . 0 0 0 0 QD
122
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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