richmond
DETACHED - JUNE 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 13 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
-
0.2 % UP
12 % UP
10 %
28 % DOWN
There were 928 detached listings in Richmond in June 2019, 4% below May and virtually unchanged June 2018. The 91 detached sales were an increase of 9 month- over-month and 10 year-over-year. The sales-to-listings ratio increased to 10% in June, as Richmond’s detached market remained favour- able to buyer’s. The benchmark price was $1.49M in June—1.3% below May 2019 and a 13% decrease from June 2018. The average sold price was $1.43M, 13% below last month and 28% lower year-over-year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 971
% Change
No. 926
% Change
TOTAL LISTINGS
928
-4% 11% 16%
0.2% 12% 12%
TOTAL SALES
91
82 8%
81 9%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10%
$1,484,600 $1,503,700 -1.3% $1,707,600 -13% $1,427,452 $1,641,486 -13% $1,980,421 -28%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.71
$1.67
$1.63
$1.59
2.50
$1.55
$1.53
$1.48
2.36
2.36
1.99
1.94
1.91
968
931
939
928
926
853
667
91
81
59
54
40
37
29
Jun-18
May-19
Jun-19
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
S-L RATIO SALES INVENTORY
CurrentasofJuly3,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The information setoutherein (the “Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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