richmond DETACHED-APRIL 2021
SALESTO LISTINGSRATIO 29% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 15% VS2020
▲ 21% VS2020
▲ 24% VS2020
▲ 381% VS2020
Therewere604detachedlistingsinRichmondinApril, 17%aboveMarchand24%higherthanApril2020. Aprildetachedhomesalesdecreasedby24% month-over-month,to173,andwere381%aboveApril 2020. Thesales-to-listingratiofordetachedinRichmond,at 29%,reflectedaseler'smarket.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 7% 36 488
%Change
No. 44% 229 515
%Change
TOTALLISTINGS TOTALSALES
29% 173 604
288% 381% 24%
-1.3% -5% -36% -24% 17%
ThedetachedmedianpriceinAprilwas$1,752,000,a5% decreasefromMarchand21%aboveApril2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$1,958,385,1.3%belowlast monthanddown15%toApril2020.
$1,984,511 $1,850,000
$1,958,385 $1,752,000
$1,699,946 $1,452,619
15% 21%
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
604
555
537
607
589
552
538
455
488
2.02
515
501
460
435
1.81
1.77
1.62
1.59
1.56
229
173
10
10
107
92
74
136
40
96
85
36
70
$1.85M $1.75M
$1.75M
$1.71M
$1.61M
$1.60M
$1.61M
$1.58M
$1.59M
$1.58M
$1.54M
$1.45M
$1.35M
Apr-20
Mar-21
Apr-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
200
150
64%
50%
100
37%
33%
32%
50
18%
8%
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
2 1 50%
2 0 n/a
9 3 33%
45 29 64%
211 79 37%
102 33 32%
101 18 18%
132 10 8%
Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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