the rennie review - July 2022

richmond TOWNHOME-JUNE 202

SALES TO LISTINGSRATIO 38% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 11% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 15% VS 2021

▲ 18% VS 2021

▲ 5% VS 2021

▼ 24% VS 2021

Therewere230townhom elistingsin Richm ond in June, 8% below M ayand 5% higherthan June2021. Junetownhom esalesincreased by36% m onth-over-m onth,to87,and were24% below June 2021. Thesales-to-listing ratio fortownhom esin Richm ond,at 38% ,reflected aselers'm arket. Thetownhom em edian pricein Junewas$1,110,000,a 4% increasefrom M ayand 18% aboveJune2021. Theaveragesold pricewas$1,086,876,2% abovelast m onth;theaveragePSF salepricewas$725,down 3% to lastm onth.

THISMONTH No. $725 $1,086,876 $1,110,000 38% 87 230

PREVIOUSYEAR

PREVIOUSMONTH

No. 52% 115 220

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

11% 15% 18% -28% -24% 5%

$749 $1,061,636 $1,062,500 26% 64 249

-3% 2% 4% 47% 36% -8%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$652 $944,500 $941,500

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● JUN 2021 ● JUN 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

249

230

208

220

196

162

161

179

140

15

14

103

15

93

19

14

80

78

103

87

97

93

73

71

64

56

$1.23M $1.17M

$1.13M $1.15M

$1.06M $1.11M

$1.05M $1.06M

$1.03M

$948K

$942K $938K $945K

RICHMOND

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

70

23

60

4+ bdrms

90%

86

50

53

40

3 bdrms

117

50%

48%

30

41%

39%

20

11

2 bdrms

24

10

3%

0

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2 bdrms

S-L RATIO SALES INVENTORY

4 2 50%

10 9 90%

49 20 41%

60 29 48%

67 26 39%

39 1 3%

1 0 n/a

3

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