Mclennan North, Richmond Condo Market Report – November 2021

In November 2021, the Mclennan North, Richmond condo real estate market is classified as a Balanced Market with an absorption rate of 14.4%. The market in Mclennan North, Richmond is currently balanced. Both buyers and sellers have reasonable negotiating positions. Always consult a licensed REALTOR® to assess your specific situation.

15 condo properties sold in Mclennan North, Richmond during November 2021 based on MLS® records. There were 104 active listings at the start of the month. A total of 20 new listings came to market during the month.

The average condo sold price in Mclennan North, Richmond in November 2021 was $634,191. Sold prices ranged from $498,000 to $820,000. Data is sourced from MLS® board records.

In November 2021, condo properties in Mclennan North, Richmond averaged 22 days on the market before selling. With an absorption rate of 14.4%, the market is currently a Balanced Market. A lower average days-on-market indicates stronger demand.

The average condo sold price in Mclennan North, Richmond in November 2021 was $634,191, up 8.9% year-over-year compared to November 2020 ($582,557). Sales volume was up 114.3% compared to the same month last year. Data is sourced from MLS® sold records.