richmond CONDO -OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 23% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 12% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 6% VS 2022
▲ 6% VS 2022
▲ 9% VS 2022
▲ 0.8% VS 2022
Therewere542 condolistingsin Richm ond in O ctober, 3% aboveSeptem berand 9% higherthan October2022.
O ctobercondosalesdecreased by2% m onth-over-m onth, to127,and were0.8% aboveOctober2022.
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 25% 126 499
% Change
No. 25% 130 528
% Change
Thesales-to-listingratio forcondosin Richm ond,at23%, reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
23% 127 542
12% 6% 6% -7% 0.8% 9%
-5% -2% 3%
Thecondom edian pricein Octoberwas$699,000,a9% increasefrom Septem berand 6% aboveO ctober2022. Theaveragesold pricewas$727,913,3% abovelast m onth;theaveragePSF salepricewas$876,up 5% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$876 $727,913 $699,000
$834 $708,412 $644,000
5% 3% 9%
$781 $683,494 $660,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2022 ● OCT 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
542
482
478
474
499
528
451
438
454
452
427
380
369
193 193
194
181
172
163
126
127
130
18
109
96
81
$699K
$675K $683K $700K $700K $680K $698K
$660K $650K $658K $645K $652K
$644K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
160
140
4+ bdrms
12
120
100
6
3 bdrms
55%
80
105
60
29%
80
40
23%
2 bdrms
17%
289
10%
20
7% 10%
0
41
<$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
29 5 17%
65 36 55%
148 43 29%
133 30 23%
79 8 10%
42 3 7%
21 2 10%
25 0 n/a
136
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