richmond
DETACHED - DECEMBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
21 % DOWN
0.2 % DOWN
-
200 % UP
BALANCED 17 %
There were 510 detached listings in Richmond in December, 34% below November and 21% lower than in December 2018. The 87 detached sales were an increase of 26% month-over-month and up by 200% year-over-year. The sales-to-listings ratio increased to 17% in December, as Richmond’s detached market transi- tioned to balanced market territory. The benchmark price was $1.50M in December— relatively unchanged from November and a 6% decrease from December 2018. The average sold price was $1.69M, 10% below last month and relatively unchanged year-over-year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 767
% Change
No. 647
% Change
TOTAL LISTINGS
510
-34% 26% 90%
-21% 200% 281%
TOTAL SALES
87
69 9%
29 4%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
17%
$1,495,400 $1,490,800 0.3% $1,593,000 $1,689,512 $1,874,112 -10% $1,692,303 -0.2% -6%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
(MILLIONS)
$1.59
$1.55
$1.53
$1.50
$1.50
$1.48
$1.46
1.95
1.94
1.94
946
940
881
832
794
1.26
1.22
1.22
647
510
107
90
87
66
40
37
29
Dec-18
Nov-19
Dec-19
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S-L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0 QD QD
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 January 6, 2020. All data from RealEstateBoardof 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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