richmond
TOWNHOME JANUARY
AVERAGE PRICE
AVERAGE PSF PRICE 9 % UP
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
SELLER’S 26 %
19 % DOWN
9 % UP
7 % UP
1.6 % DOWN
The number of townhome listings in Richmond increased to 232 in January, 9% above the previous month but a 19% decrease vs January 2020. The 60 townhome sales in January were 23% below December and 1.6% lower year-over-year. The townhome sales-to-listings ratio decreased to 26%, as Richmond’s townhome market remained in seller’s market territory. The benchmark price for townhomes in January was $823,700, 0.8% above December and 7% higher than in January 2020. The average sold price was $898,690 (2% above December) with an average PSF sales price of $607 (0.5% below December).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 212
% Change
No. 288
% Change
TOTAL LISTINGS
232
9%
-19% -1.6%
TOTAL SALES
60
78
-23% -30%
61
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
26%
37%
21%
22%
$823,700 $817,000 $898,690 $880,820
0.8% $771,000 2% $825,144 -0.5% $558
7% 9% 9%
$607
$610
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$821,500 $823,700
$771,000 $789,900 $793,500 $801,700 $805,400
320
309
306
291
288
286
232
97
94
88
68
61
60
45
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
. . . . 0 0 0 0 QD QD QD SELLER'S MARKET BALANCED BUYER'S MARKET S-L RATIO SALES INVENTORY
14
4+ bdrms
54
42
3 bdrms
139
4
<3 bdrms
39
Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of February 3, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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