richmond
TOWNHOME AUGUST
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
SELLER’S 29 %
34 % DOWN
13 % UP
12 % UP
70 % UP
The number of townhome listings in Richmond decreased to 317 in August, 5% above the previous month but a 34% decrease vs August 2019. The 92 townhome sales in August were 5% below July but 70% higher year-over-year. The townhome sales-to-listings ratio decreased to 29%, as Richmond’s townhome market remained in seller’s market territory. The benchmark price for townhomes in August was $806,900, 0.6% above July and 4% higher than in August 2019. The average sold price was $864,641 (0.8% below July) with an average PSF sales price of $591 (unchanged vs July).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 303
% Change
No. 482
% Change
TOTAL LISTINGS
317
5%
-34% 70% 159%
TOTAL SALES
92
97
-5% -9%
54
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
29%
32%
11%
$806,900 $801,700 $864,641 $871,809
0.6% $773,400 -0.8% $767,360
4%
13% 12%
$591
$591
0.0%
$527
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$773,400 $772,500 $765,200 $780,700 $794,400 $791,100 $806,900
482
419
317
322
300
288
278
92
85
62
58
54
52
38
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
23
4+ bdrms
BUYER'S MARKET
67
57
3 bdrms
201
12
<3 bdrms
. . . . 0 0 0 0 QD QD
49
S-L RATIO SALES INVENTORY
Copyright © 2020 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 September 3, 2020. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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