richmond CONDO -JANUARY 2023
SALES TO LISTINGSRATIO 21% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 5% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 7% VS 2022
▼ 3% VS 2022
▲ 10% VS 2022
▼ 54% VS 2022
Therewere380 condolistingsin Richm ond in January, 3% aboveD ecem berand 10% higherthan January2022. January condo salesdecreased by 16% m onth-over-m onth,to 81,and were54% below January 2022. Thesales-to-listingratio forcondosin Richm ond,at21%, reflected aselers'm arket. Thecondom edian pricein Januarywas$645,000,a2.0% changefrom D ecem berand 3% below January2022. Theaveragesold pricewas$647,112,2.0% below last m onth;theaveragePSF salepricewas$756,up 0.1% to lastm onth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 51% 177 344
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$756 $647,112 $645,000 21% 81 380
-59% -54% 10%
$755 $660,266 $657,950 26% 96 369
0.1% -2% -2% -18% -16% 3%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$795 $692,551 $662,800
-5% -7% -3%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 202 ● JAN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
521
513
499
560
548
509
438
413
440
380
344
369
365
291
176
233
225
177
126
194
122
122
120
81
109
96
$683K
$663K $682K $687K $673K $705K
$656K $633K
$635K $660K $650K $658K $645K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
120
100
4+ bdrms
5
80
5
3 bdrms
60
73
37%
40
30%
27%
51
2 bdrms
20
207
13%
7%
0
25
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
26 7 27%
70 26 37%
110 33 30%
90 12 13%
45 3 7%
19 0 n/a
11 0 n/a
9 0 n/a
95
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