richmond
TOWNHOME - DECEMBER 2020
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
SELLER’S 39 %
30 % DOWN
10 % UP
13 % UP
7 % UP
50 % UP
The number of townhome listings in Richmond decreased to 202 in December, 28% below the previ- ous month and a 30% decrease vs December 2019. The 78 townhome sales in December were 11% below November but 50% higher year-over-year. The townhome sales-to-listings ratio increased to 39%, as Richmond’s townhome market remained in seller’s market territory. The benchmark price for townhomes in December was $817,000, 0.5% below November but 7% higher than in December 2019. The average sold price was $880,820 (0.4% above November) with an average PSF sales price of $610 (3% above November).
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 282
% Change
No. 288
% Change
TOTAL LISTINGS
202
-28% -11% 24%
-30% 50% 114%
TOTAL SALES
78
88
52
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
39%
31%
18%
$817,000 $821,500 $880,820 $877,258
-0.5% $765,200 0.4% $797,949
7%
10% 13%
$610
$595
3%
$542
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$806,900 $817,600 $817,000
$765,200 $780,700 $794,400 $791,100
329
322
316
300
288
278
202
92
91
78
62
58
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
14
4+ bdrms
BUYER'S MARKET
42
53
3 bdrms
128
11
<3 bdrms
. . . . 0 0 0 0 QD QD QD
32
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 January 6, 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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