This last 7 days from June 14-21 (as of Friday morning), there were 76(73) price changes in Richmond of which all but 3 (3) were price reductions. The average price reduction was $44,943($28,972) or 4% (4%). Apartment price declines were on average by $22,807($15,088) or 5%(4%), while SFD declines averaged $67,792 ($45,357) or 4% and townhouses fell by $19,956 ($16,188) or 3% on average. Again, our own experience is that townhouse prices have been holding somewhat firm in comparison to the other types of property which has been supported by this data for a few weeks now.
Over the week there were 212 (153) new listings of which 60 (33) were townhouses, 65 (62) were houses, 1 (1) was a duplex and 78 (56) were apartments.
The absorption rate or ratio of sales to new listings this week was 33% (70%) for townhouses, 61.5% (32%) for houses, 43.5%(59%) for apartments. It was a good week for houses but I sense pent up selling demand will increase the listing count.
Here are the top price drops over the last 7 days equal to or in excess of 5%. However a word of caution is necessary. I don't always publish these numbers at the same time such that a tally 7 days back taken in the morning as opposed to late in the day may indicate a reduced count of something that might otherwise be reported later in the day. In addition, while there is a bias in favour of "getting a listing up and running", the compliance with the reporting of sales may be a little more lax such that a report 3 weeks later would likely show more accurate numbers. It follows then that "Sales to Active listing" numbers can be reasonably taken to be understated in these type of real time up to the minute reports as the sales are likely lagging as opposed to the listing numbers.
|Address||LP||Prev LP||Change||% Change||Tot BR||Dwell||Yr Blt|
|# 128 8051 RYAN RD||104,000||135,000||31,000||23||2||APTU||1973|
|# 1800 8100 SABA RD||2,600,000||2,880,000||280,000||10||4||APTU||2002|
|8620 CADOGAN RD||1,978,000||2,188,800||210,800||10||5||HOUSE||2012|
|3511 RAYMOND AV||1,890,000||2,088,000||198,000||9||5||HOUSE||2012|
|11311 SEATON RD||1,555,000||1,688,000||133,000||8||5||HOUSE||2013|
|4928 WINTERGREEN AV||2,398,000||2,598,000||200,000||8||5||HOUSE||2009|
|# 3 8091 NO 2 RD||609,800||658,000||48,200||7||3||TWNHS||2013|
|10700 WESTMINSTER HY||649,000||699,000||50,000||7||3||HOUSE||1953|
|# 117 8100 JONES RD||315,000||339,000||24,000||7||2||APTU||1996|
|9271 DIAMOND RD||908,000||977,000||69,000||7||3||HOUSE||1959|
|6988 DONALD RD||1,398,000||1,499,000||101,000||7||5||HOUSE||2010|
|7611 MONTANA RD||2,799,000||2,999,999||200,999||7||6||HOUSE||1992|
|# 122 5800 ANDREWS RD||279,000||299,000||20,000||7||1||APTU||1997|
|6531 COLTSFOOT DR||989,000||1,058,000||69,000||7||3||HOUSE||1973|
|9400 NO 2 RD||1,298,000||1,388,000||90,000||6||5||HOUSE||1989|
|# 508 8297 SABA RD||279,900||298,000||18,100||6||1||APTU||1997|
|9751 PIGOTT RD||1,580,000||1,680,000||100,000||6||5||HOUSE||2009|
|# 413 8180 JONES RD||338,800||359,800||21,000||6||2||APTU||1994|
|# 211 4211 BAYVIEW ST||499,000||529,000||30,000||6||2||APTU||2006|
|7511 WATERTON DR||1,198,000||1,268,000||70,000||6||4||HOUSE||1974|
|# 211 7435 MOFFATT RD||348,000||368,000||20,000||5||2||APTU||1991|
|# 162 8611 ACKROYD RD||358,000||378,000||20,000||5||2||APTU||1990|
|5451 WOODWARDS RD||1,068,000||1,126,000||58,000||5||4||HOUSE||1989|
|# 314 7295 MOFFATT RD||205,000||215,000||10,000||5||1||APTU||1981|
|6600 RIVERDALE DR||2,080,000||2,180,000||100,000||5||4||HOUSE||2012|
|3260 GARDEN CITY RD||1,048,900||1,099,000||50,100||5||6||HOUSE||2012|
|6111 BASSETT RD||2,098,000||2,198,000||100,000||5||5||HOUSE||2013|
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