richmond CONDO-APRIL 2021
SALESTO LISTINGSRATIO 47% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 9% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 13% VS2020
▲ 17% VS2020
▲ 10% VS2020
▲ 368% VS2020
Therewere646condolistingsinRichmondinApril,4% aboveMarchand10%higherthanApril2020.
Aprilcondosalesdecreasedby11%month-over-month, to304,andwere368%aboveApril2020.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 55% 341 619
%Change
Thesales-to-listingratioforcondosinRichmond,at47%, reflectedaseler'smarket.
TOTALLISTINGS TOTALSALES
47% 304 646
$654 $556,862 $515,000 11% 65 588
326% 368% 10%
0.6% 1.5% 2% -15% -11% 4%
ThecondomedianpriceinAprilwas$600,250,a2% increasefromMarchand17%aboveApril2020. Theaveragesoldpricewas$628,068,1.5%abovelast month;theaveragePSFsalepricewas$715,up0.6%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$715 $628,068 $600,250
$710 $619,089 $588,250
9% 13% 17%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2020 ● APR 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
695
781
774
769 763
642
629
706
646
641
588
606 619
341
304
204
164
154
134
197
178
66
157
142
142
65
$600K
$588K
$581K
$570K
$561K
$543K
$546K
$535K
$539K
$535K
$528K
$530K
$515K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
200
1
4+bdrms
6
150
68%
64%
31
3bdrms
52%
130
100
28% 28%
181
50
2bdrms
372
14%
8%
4%
0
91
<$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
53 34 64%
170 116 68%
205 107 52%
109 30 28%
36 10 28%
36 5 14%
24 1 4%
8%
138
13 1
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