richmond CONDO -JULY 2023
SALES TO LISTINGSRATIO 34% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 8% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 5% VS 2022
▲ 8% VS 2022
▼ 12% VS 2022
▲ 34% VS 2022
Therewere482 condolistingsin Richm ond in July,1.7% aboveJuneand 12% lowerthan July2022.
Julycondosalesdecreased by15% m onth-over-m onth,to 164,and were34% aboveJuly2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 22% 122 548
% Change
No. 41% 193 474
% Change
Thesales-to-listingratio forcondosin Richm ond,at34%, reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
34% 164 482
53% 34% -12%
0.5% -3% -3% -16% -15% 1.7%
Thecondom edian pricein Julywas$680,000,a3% decreasefrom Juneand 8% aboveJuly2022. Theaveragesold pricewas$707,432,3% below last m onth;theaveragePSF salepricewas$840,up 0.5% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$840 $707,432 $680,000
$836 $731,627 $700,000
$776 $673,566 $632,500
8% 5% 8%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 202 ● JUL 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
521
548
499
478
474
451
482
509
438
454
427
380
369
193 193
181
164
126
122
172
122
120
18
109
96
81
$700K $700K $680K
$683K
$652K $675K $683K
$633K
$635K $660K $650K $658K $645K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
140
4+ bdrms
120
4
100
13
80
3 bdrms
74
51% 48%
60
41%
89
40
2 bdrms
20% 22%
17%
261
12%
20
0
62
<$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
22 9 41%
91 46 51%
139 67 48%
117 23 20%
54 12 22%
30 5 17%
17 2 12%
12 0 n/a
143
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