richmond
CONDO MARCH
AVERAGE PRICE
AVERAGE PSF PRICE 8 % UP
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
9 % UP
23 % DOWN
78 % UP
SELLER’S 28 %
The number of condo listings in Richmond were relatively unchanged between February and March (at 591), and fell by 23% vs March 2019. The number of condo sales increased by 23% vs February (to 166) and rose 78% vs March 2019. The sales-to-listings ratio rose to 28%, as Richmond’s condo market remained in seller’s market territory. The condo benchmark price was $655,200 in March, 2% above February and 3% higher vs March 2019. The average sold price was $596,211 (down 0.7% vs February) while the average PSF sales price was $692 (4% lower vs February).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 589 135 23%
% Change
No. 772
% Change
TOTAL LISTINGS
591 166 28%
0.3% 23% 23%
-23% 78% 133%
TOTAL SALES
93
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
12%
$655,200 $640,700 $596,211 $600,399
2% $637,700 -0.7% $548,236
3% 9% 8%
$692
$718
-4%
$641
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$637,700 $637,900 $622,500 $627,100 $627,100 $634,100 $655,200
915
914
850
772
706
591
559
166
148
136
134
132
101
93
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
12
3+ bdrms
BUYER'S MARKET
101
93
2 bdrms
319
61
<2 bdrms
. . . . 0 0 0 0 QD
171
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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