richmond
DETACHED MARCH
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
39 % DOWN
0.4 % UP
-
1.5 % DOWN
80 % UP
BALANCED 18 %
There were 526 detached listings in Richmond in March, 11% below February and 39% lower than in March 2019. The 97 detached sales were an increase of 83% month-over-month and up by 80% year-over-year. The sales-to-listings ratio increased to 18% in March, as Richmond’s detached market transitioned to a balanced market. The benchmark price was $1.52M in March—0.9% above February but a 1.5% decrease from March 2019. The average sold price was $1.75M, 6% below last month and relatively unchanged year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 588
% Change
No. 867
% Change
TOTAL LISTINGS
526
-11% 83% 105%
-39% 80% 196%
TOTAL SALES
97
53 9%
54 6%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
18%
$1,522,800 $1,509,900 0.9% $1,546,500 -1.5%
$1,749,300 $1,864,217
-6% $1,741,738 0.4%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
MILLIONS
$1.55
$1.52
$1.50
$1.50
$1.49
$1.48
$1.47
1.97
1.93
1.92
964
919
868
867
772
1.23
1.22
1.21
572
526
97
86
82
71
69
54
52
Mar-19
Feb-20
Mar-20
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 QD
S-L RATIO SALES INVENTORY
Copyright © 2020 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of April 3, 2020. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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