richmond DETACHED-DECEMBER 2021
SALESTO LISTINGSRATIO 31% SELLERS'MARKET
▶ MARKETSUMMARY Therewere298detachedlistingsinRichmondin December,24%belowNovemberand35%lowerthan December2020. Decemberdetachedhomesalesdecreasedby30% month-over-month,to92,andwere16%below December2020. Thesales-to-listingratiofordetachedinRichmond,at 31%,reflectedaselers'market. ThedetachedmedianpriceinDecemberwas$2,131,000, a2%increasefromNovemberand24%aboveDecember 2020. Theaveragesoldpricewas$2,254,208,0.8%abovelast monthandup20%toDecember2020.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 20% VS2020
▲ 24% VS2020
▼ 35% VS2020
▼ 16% VS2020
THISMONTH No. $2,254,208 $2,131,000 31% 92 298
PREVIOUSYEAR
PREVIOUSMONTH
No. 24% 110 460
%Change
No. 34% 131 390
%Change
TOTALLISTINGS TOTALSALES
20% 24% 29% -16% -35%
0.8% 2% -8% -30% -24%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$2,236,131 $2,088,000
$1,871,543 $1,712,500
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
605
588
643
534
61
2.00
551
1.98
455
1.95
515
460
390
458
435
1.68
1.67
1.61
229
298
152
131
14
172
10
136
130
92
16
106
94
70
$2.13M
$2.09M
$1.99M
$1.85M $1.75M
$1.81M
$1.76M
$1.74M
$1.74M
$1.76M
$1.71M
$1.68M
$1.59M
Dec-20
Nov-21
Dec-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
100
80
60%
60
50%
40
32%
31%
20
10%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
0 1 n/a
0 3 n/a
4 2 50%
57 34 60%
67 21 31%
66 21 32%
104 10 10%
Copyright©January10,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJanuary10,202.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
●
32
Made with FlippingBook - professional solution for displaying marketing and sales documents online