CONDO - JUNE 2019 richmond
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
51 % UP
BALANCED 13 %
9 % DOWN
9 % DOWN
27 % DOWN
The number of condo listings in Richmond decreased 1.3% between May and June (to 897), but rose by 51% from last June. The number of condo sales fell by 10% vs May 2019 (to 119) and were 27% lower vs June 2018. The sales-to-listings ratio decreased to 13%, as Richmond’s condo market remained in balanced market territory. The condo benchmark price was $628,500 in June, 1.5% below May and 8% lower than in June 2018. The average sold price was $522,394 (down 5% vs May) while the average PSF sales price was $613 (6% lower month-over-month).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 909 132 15%
% Change
No. 594 162 27%
% Change
TOTAL LISTINGS
897 119 13%
-1.3% -10%
51% -27% -51%
TOTAL SALES
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-9%
$628,500 $637,900 $522,394 $549,735
-1.5% $683,000 -5% $575,916
-8% -9% -9%
$613
$649
-6%
$676
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$683,000 $670,800 $666,600 $648,900 $642,100 $639,300 $628,500
897
839
681
672
597
594
542
162
154
124
119
90
89
66
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
7
3+ bdrms
BUYER'S MARKET
122
77
2 bdrms
554
35
<2 bdrms
. . . . 0 0 0 0 QD QD
221
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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