richmond CONDO -JULY 202
SALES TO LISTINGSRATIO 22% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 7% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 5% VS 2021
▲ 2% VS 2021
▼ 20% VS 2021
▼ 48% VS 2021
Therewere546 condolistingsin Richm ond in July,2% below Juneand 20% lowerthan July2021.
Julycondosalesdecreased by31% m onth-over-m onth,to 122,and were48% below July2021.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 35% 236 680
% Change
No. 31% 176 559
% Change
Thesales-to-listingratio forcondosin Richm ond,at22%, reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
22% 122 546
-36% -48% -20%
-29% -31% -2%
Thecondom edian pricein Julywas$632,500,a4% decreasefrom Juneand 2% aboveJuly2021. Theaveragesold pricewas$673,571,3% below last m onth;theaveragePSF salepricewas$776,down 5% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$776 $673,571 $632,500
$812 $693,145 $655,750
-5% -3% -4%
$728 $638,930 $620,000
7% 5% 2%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2021 ● JUL 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
680
578
559
613
512
546
469
509
412
439
344
291
365
243
232
315
236
176
234
230
222
225
214
194
177
122
$663K $682K $687K $674K $705K
$656K $633K
$620K $602K $625K $620K $628K $639K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
200
4+ bdrms
11
150
10
3 bdrms
56%
100
89
33%
69
50
22%
2 bdrms
15%
314
10%
9% 9%
0
43
<$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
21 7 33%
78 44 56%
191 42 22%
124 19 15%
67 6 9%
35 3 9%
20 0 n/a
10 1 10%
132
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