MVR Stats

RICHM OND

NOVEM BER 2022

Price Band & Bedroom DETACHED HOUSES

Com m unity DETACHED HOUSES

SnapStats® $0 -800,000

Inventory Sales

Sales Ratio

SnapStats® Boyd Park Bridgeport Brighouse

Inventory Sales

Sales Ratio

6 0 1

1 0 0 1 6 4 7 8 1 5 4 2 0 0 0 0 0 0 0 0

17%

12

1 0 0 0 0 4 0 2 1 4 1 0 3 2 1 4 2 4 2 0 7 0 6 1 0 1 4 1 2

8%

800,001 – 900,000 900,001 – 1,000,000

NA NA

6 9 2 4 5

NA NA NA NA

1,000,001 – 1,250,000 3 1,250,001 – 1,500,000 12 1,500,001 – 1,750,000 30 1,750,001 – 2,000,000 53 2,000,001 – 2,250,000 33 2,250,001 – 2,500,000 45 2,500,001 – 2,750,000 29 2,750,001 – 3,000,000 37 3,000,001 – 3,500,000 42 3,500,001 – 4,000,000 30 4,000,001 – 4,500,000 12 4,500,001 – 5,000,000 17 5,000,001 – 5,500,000 3 5,500,001 -6,000,000 3 6,000,001 -6,500,000 2 6,500,001 -7,000,000 1 7,000,001 -7,500,000 0

33% 50% 47% 21% 18% 14% 10% 8% 3%

Brighouse South Broadm oor EastCam bie EastRichm ond Garden City

41

14

100%

NA

11

18%

Gilm ore Granvile Ham ilton Ironwood Lackner M cLennan Quilchena Riverdale Saunders Sea Island M cNair

0

NA*

25 13 14 19 16 23 16 20 12 14 24 7 3 4

16%

8%

NA

7%

16% 29% 33% 25% 25% 10% 9% 25% 11% 11% 33% 14% NA NA 58% NA

NA NA NA NA NA NA NA NA

M cLennan North

7,500,001 & Greater

6

Seafair

TOTAL*

365

53

15%

South Arm

Steveston North Steveston South Steveston Vilage

2 Bedroom s & Less 3 to 4 Bedroom s 5 to 6 Bedroom s 7 Bedroom s & M ore

13

0

NA

9 3 9

136 196

19 30

14% 15% 20% 15%

Terra Nova W estCam bie W estwind W oodwards

20

4

12

TOTAL*

365

53

7

25

8%

SnapStats®

October Novem ber Variance

TOTAL*

365

53

15%

Inventory

417

365

-12%

Solds

57

53

-7%

Sale Price

$1,745,000 $2,050,000 17%

Sale Price SQFT

$686

$731

7%

Sale to ListPrice Ratio 97%

94%

-3% 29%

Days on M arket

17

22

*Sales Ratio suggests m arkettype and speed (ie Balanced 12-20% .)Referto YTD reports forsustained periods.If>100% M LS® data reported previous m onth’s sales exceeded currentinventorycount.

M arketSum m ary

• M arketType Indicator RICHM OND DETACHED :Balanced M arketat15% Sales Ratio average (1.5 in 10 hom es seling rate) • Hom es are seling on average 6% below listprice • M ostActive Price Band**$1.25 m ilto $1.5 m ilwith average 50% Sales Ratio (Selers m arket) • Buyers BestBet**Hom es between $2.5 m ilto $2.75 m il,Boyd Park,Ham ilton,W oodwards and 3 to 6 bedroom properties • Selers BestBet**Seling hom es in Seafairand m inim um 7 bedroom properties **W ith m inim um inventoryof10 in m ostinstances

SALE PRICE

INVENTORY

SOLDS

$2,218,000 $2,130,888 $2,110,000

$2,135,000 $2,115,000

13 M onth M arketTrend

$2,075,000 $2,131,000

$2,058,800

$2,050,000

$1,975,000

$1,850,000 $1,960,000

451

$1,745,000

407

360

352

517

484

475

447

424

247

417

240

365

143

129

105

99

94

92

75

70

57

57

55

53

53

NOV

DEC

JAN

FEB

M AR

APR

M AY

JUN

JUL

AUG

SEP

OCT

NOV

Com plim ents of...

Ariane Benjam in ProperlyHom es 604.779.1500

arianebenjam in.com

ariane@ arianebenjam in.com

© 2010-2022 SnapStats® Publishing Co.Alrights reserved.No partofthis publication m aybe reproduced,copied,posted on the internetorforwarded in anyprinted orelectronic form atwithoutwriten perm ission.This reportdata was captured on Decem ber1,2022 from the RealEstate Board ofGreaterVancouverM LS® .Referto ourYTD reports forsustained periods ofthe Sales Ratio % .The accuracyand com pleteness ofthe inform ation is notguaranteed.In providing this inform ation SnapStats® orAriane Benjam in do notassum e anyresponsibilityorliability.M ore info atsnap-stats.com .