richmond TOWNHOME-APRIL 2023
SALES TO LISTINGSRATIO 44% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 8% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 1.3% VS 2022
▼ 1.7% VS 2022
▼ 18% VS 2022
▼ 25% VS 2022
Therewere159 townhom elistingsin Richm ond in April, 12% below M arch and 18% lowerthan April2022. Apriltownhom esalesdecreased by3% m onth-over-m onth,to70,and were25% below April 2022. Thesales-to-listing ratio fortownhom esin Richm ond,at 44% ,reflected aselers'm arket. Thetownhom em edian pricein Aprilwas$1,150,000,a 5% increasefrom M arch and 1.7% below April2022. Theaveragesold pricewas$1,144,461,2% abovelast m onth;theaveragePSF salepricewas$742,down 2% to lastm onth.
THISMONTH No. $742 $1,144,461 $1,150,000 44% 70 159
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$808 $1,159,456 $1,170,000 48% 93 195
-8% -1.3% -1.7% -8% -25% -18%
$759 $1,120,603 $1,100,000 40% 72 181
-2% 2% 5% 11% -3% -12%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 202 ● APR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
248
231
229
230
192
220
217
181
195
159
156
148
140
87
93
72
55
70
48
47
46
36
64
45
39
16
$1.17M
$1.17M $1.10M $1.15M
$1.15M
$1.06M $1.11M
$1.07M
$1.05M $1.09M
$1000K $989K
$979K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
50
17
4+ bdrms
49
40
51
30
62%
3 bdrms
53%
80
50%
20
38%
29%
2
25%
2 bdrms
26
10
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
4
S-L RATIO SALES INVENTORY
4 1 25%
10 5 50%
32 17 53%
39 24 62%
48 14 29%
24 9 38%
2 0 n/a
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