richmond
CONDO - DECEMBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
9 % DOWN
SELLER’S 29 %
2 % DOWN
7 % DOWN
115 % UP
The number of condo listings in Richmond decreased 30% between November and December (to 485), and fell by 9% from last December. The number of condo sales rose by 4% vs November (to 142) and jumped 115% vs December 2018. The sales-to-listings ratio increased to 29%, as Richmond’s condo market transitioned to seller’s market territory. The condo benchmark price was $630,200 in December, 0.5% above November but 3% lower than in December 2018. The average sold price was $575,646 (up 3% vs November) while the average PSF sales price was $647 (0.6% higher month-over-month).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 697 136 20%
% Change
No. 532
% Change
TOTAL LISTINGS
485 142 29%
-30%
-9%
TOTAL SALES
4%
66
115% 136%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
50%
12%
$630,200 $627,100 $575,646 $557,354
0.5% $648,900 3% $587,940
-3% -2% -7%
$647
$643
0.6%
$695
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$648,900 $642,100 $639,300 $628,500 $626,700 $625,500 $630,200
921
903
829
773
672
532
485
151
142
128
119
90
89
66
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
19
3+ bdrms
BUYER'S MARKET
89
76
2 bdrms
283
47
<2 bdrms
. . . . 0 0 0 0 QD
113
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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