MVR Stats

RICHM OND

NOVEM BER 2022

Price Band & Bedroom CONDOS & TOW NHOM ES

Com m unity CONDOS & TOW NHOM ES

SnapStats® $0 – 300,000

Inventory Sales

Sales Ratio

SnapStats® Boyd Park Bridgeport Brighouse

Inventory Sales

Sales Ratio

14 14 20 66 73 83 74 64

4 6

29% 43% 90% 29% 27% 25% 26% 17% 21% 20%

8

1 1

13%

300,001 – 400,000 400,001 – 500,000 500,001 – 600,000 600,001 – 700,000 700,001 – 800,000 800,001 – 900,000 900,001 – 1,000,000

31

3%

18 19 20 21 19 11 24 11

248

43 25

17% 40% 11% 10%

Brighouse South Broadm oor EastCam bie EastRichm ond Garden City

62

9

1 1 1 0 0 6 3 5 0 0 0 1 9 3 0 1 4 1 0 1 0 3

10

1 4 0 7 4 0 1 1 9 3 0 0

100%

NA NA

1,000,001 – 1,250,000 113 1,250,001 – 1,500,000 55 1,500,001 – 1,750,000 23 1,750,001 – 2,000,000 10 2,000,001 – 2,250,000 1 2,250,001 – 2,500,000 2 2,500,001 – 2,750,000 1 2,750,001 – 3,000,000 3 3,000,001 – 3,500,000 1 3,500,001 – 4,000,000 0 4,000,001 – 4,500,000 0 4,500,001 – 5,000,000 0

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

86% 21% 45%

2 1 0 0 0 0 0 0 0 0 0

9%

14 11

10%

NA NA NA NA NA NA NA NA NA

NA NA

M cLennan North

39

15

38%

NA

100% 100% 100%

NA

5,000,001 & Greater

1

Seafair

NA*

TOTAL*

618

156

25%

South Arm

22

18%

Steveston North Steveston South Steveston Vilage

1

100%

0 to 1 Bedroom 2 Bedroom s 3 Bedroom s

108 279 186

31 72 39 14

29% 26% 21% 31% 25%

22

15

68%

5 5 0 9

NA

Terra Nova W estCam bie W estwind W oodwards

20% 17% 33% 25% NA

4 Bedroom s & Greater 45

92

16

TOTAL*

618

156

SnapStats®

October Novem ber Variance

TOTAL*

618

156

Inventory

713 178

618 156

-13% -12%

Solds

Sale Price

$768,000 $755,000 -2%

Sale Price SQFT

$803

$753

-6% -1% 42%

Sale to ListPrice Ratio 97%

96%

Days on M arket

12

17

*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 ATTACHED :Selers M arketat25% Sales Ratio average (2.5 in 10 hom es seling rate) • Hom es are seling on average 4% below listprice

• M ostActive Price Band**$400,000 to $500,000 with average 90% Sales Ratio (Selers m arket) • Buyers BestBet**Hom es between $1.5 m ilto $1.75 m il,Bridgeportand 3 bedroom properties • Selers BestBet**Seling hom es in Steveston South and m inim um 4 bedroom properties **W ith m inim um inventoryof10 in m ostinstances

SALE PRICE

INVENTORY

SOLDS

$768,000 $755,000

13 M onth M arketTrend

$750,000 $755,000 $749,900 $751,500 $750,000

$722,000

$718,000

$705,000 $720,000 $696,616

$698,000

573

557

557

761

486

743

737

713

706

433

699

352

618 156

178

169

166

156

403

345

325

296

293

261

258

231 JAN

NOV

DEC

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 .