richmond CONDO -FEBRUARY 2023
SALES TO LISTINGSRATIO 26% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 3% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 4% VS 2022
▼ 4% VS 2022
▲ 24% VS 2022
▼ 48% VS 2022
Therewere453 condolistingsin Richm ond in February, 19% aboveJanuaryand 24% higherthan February2022. February condo salesincreased by 46% m onth-over-m onth,to 118,and were48% below February2022. Thesales-to-listingratio forcondosin Richm ond,at26%, reflected aselers'm arket. Thecondom edian pricein Februarywas$652,400,a 1.1% increasefrom Januaryand 4% below February2022. Theaveragesold pricewas$736,598,14% abovelast m onth;theaveragePSF salepricewas$789,up 4% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 62% 225 365
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
26% 118 453
-58% -48% 24%
$756 $647,112 $645,000 21% 81 380
4% 14% 1.1% 22% 46% 19%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$789 $736,598 $652,400
$811 $711,669 $682,000
-3% 4% -4%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 202 ● FEB 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
521
513
499
560
548
509
438
453
413
440
365
380
369
291
225
176
233
126
194
122
18
122
120
109
96
81
$682K $687K $673K $705K
$683K
$656K $633K
$635K $660K $650K $658K $645K $652K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
120
4+ bdrms
9
100
80
17
58%
3 bdrms
90
60
37%
33%
40
27%
59
2 bdrms
17%
240
20
6% 6% 5%
0
42
<$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
30 8 27%
64 37 58%
121 45 37%
101 17 17%
77 5 6%
32 2 6%
19 1 5%
9 3 33%
114
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