richmond TOWNHOME-SEPTEMBER 202
SALES TO LISTINGSRATIO 18% BALANCEDMARKET
▶ MARKETSUMMARY Therewere217 townhom elistingsin Richm ond in Septem ber,1.4% below Augustand 34% higherthan Septem ber2021. Septem bertownhom esalesdecreased by17% m onth-over-m onth,to39,and were58% below Septem ber2021. Thesales-to-listing ratio fortownhom esin Richm ond,at 18% ,reflected abalanced m arket. Thetownhom em edian pricein Septem berwas $1,072,000,a8% increasefrom Augustand 4% above Septem ber2021. Theaveragesold pricewas$1,035,003,0.7% below last m onth;theaveragePSF salepricewas$716,down 2% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 6% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 0.3% VS 2021
▲ 4% VS 2021
▲ 34% VS 2021
▼ 58% VS 2021
THISMONTH No. $716 $1,035,003 $1,072,000 18% 39 217
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$672 $1,030,930 $1,035,000 57% 93 162
6% 0.4% 4% -69% -58% 34%
$731 $1,042,344 $989,000 21% 47 220
-2% -0.7% 8% -16% -17% -1.4%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● SEP 2021 ● SEP 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
248
229
217
230
220
195
160
162
140
15
13
93
19
87
14
78 80
93
103
47
73
71
64
56
39
45
$1.23M $1.17M
$1.13M $1.15M
$1.06M $1.11M
$1.05M $1.06M
$1.03M
$1000K $989K $1.07M
$948K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
70
7
4+ bdrms
60
66
50
28
40
3 bdrms
54%
120
30
4
20
24%
2 bdrms
19%
26
13%
10
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 0 n/a
13 7 54%
43 8 19%
70 17 24%
55 7 13%
30 0 n/a
2 0 n/a
5
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