richmond CONDO-DECEMBER 2021
SALESTO LISTINGSRATIO 68% SELLERS'MARKET
▶ MARKETSUMMARY Therewere315condolistingsinRichmondinDecember, 33%belowNovemberand51%lowerthanDecember 2020. Decembercondosalesdecreasedby8% month-over-month,to214,andwere39%above December2020. Thesales-to-listingratioforcondosinRichmond,at68%, reflectedaselers'market. ThecondomedianpriceinDecemberwas$639,450,a 1.8%increasefromNovemberand17%aboveDecember 2020. Theaveragesoldpricewas$663,227,3%abovelast month;theaveragePSFsalepricewas$728,down1.8% tolastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 6% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 17% VS2020
▲ 17% VS2020
▼ 51% VS2020
▲ 39% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 24% 154 641
%Change
No. 50% 233 469
%Change
TOTALLISTINGS TOTALSALES
68% 214 315
6% 17% 17% 183% 39% -51%
-1.8% 3% 1.8% 37% -8% -33%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$728 $663,227 $639,450
$741 $645,809 $628,000
$687 $567,129 $545,500
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● DEC 2020 ● DEC 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
691
680
728
629
641
578
644
618
613
606
469
509
341
303
243
236
233
315
250
230
222
214
202
154
197
142
$639K
$625K
$628K
$620K
$620K
$620K
$601K
$605K
$602K
$588K
$570K
$561K
$546K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
100
2
4+bdrms
93%
5
82%
80
78%
21
60
3bdrms
55%
48
50%
47%
40
141
2bdrms
20
14%
191
0
50
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
27 21 78%
71 66 93%
104 85 82%
60 28 47%
28 4 14%
11 6 55%
8 4 50%
6 0 n/a
71
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