richmond TOWNHOME-AUGUST 2021
SALESTO LISTINGSRATIO 58% SELLERS'MARKET
▶ MARKETSUMMARY Therewere178townhomelistingsinRichmondin August,14%belowJulyand47%lowerthanAugust 2020. Augusttownhomesalesincreasedby6% month-over-month,to103,andwere11%aboveAugust 2020. Thesales-to-listingratiofortownhomesinRichmond,at 58%,reflectedaselers'market. ThetownhomemedianpriceinAugustwas$945,000,a 0.7%increasefromJulyand10%aboveAugust2020. Theaveragesoldpricewas$945,388,0.4%belowlast month;theaveragePSFsalepricewas$643,down2%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 9% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 9% VS2020
▲ 10% VS2020
▼ 47% VS2020
▲ 11% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
58% 103 178
$593 $866,828 $858,800 28% 93 334
9% 9% 10% 108% 11% -47%
$657 $949,395 $938,000 47% 97 207
-2% -0.4% 0.7% 23% 6% -14%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$643 $945,388 $945,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 2020 ● AUG 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
315
334
289
264
237
234
231
229
223
207
177
219
216
169
178
15
94
88
103
78
17
93
13
97
91
59
$970K
$950K
$945K
$942K
$938K
$918K
$902K
$880K
$864K
$859K
$851K
$858K
$850K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
70
23
100%
100%+
60
4+bdrms
46
50
67%
65
40
60%
3bdrms
53%
105
30
20
15
2bdrms
18%
26
10
0
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
4 4 100%
26 27 104%
66 35 53%
42 28 67%
33 6 18%
5 3 60%
2 0 n/a
1
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