richmond TOWNHOME-AUGUST 2023
SALES TO LISTINGSRATIO 34% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 8% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 7% VS 2022
▲ 14% VS 2022
▼ 20% VS 2022
▲ 28% VS 2022
Therewere177 townhom elistingsin Richm ond in August,6% aboveJulyand 20% lowerthan August2022. Augusttownhom esalesdecreased by12% m onth-over-m onth,to60,and were28% aboveAugust 2022. Thesales-to-listing ratio fortownhom esin Richm ond,at 34% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$1,130,000,a 3% decreasefrom Julyand 14% aboveAugust2022. Theaveragesold pricewas$1,119,329,3% below last m onth;theaveragePSF salepricewas$792,up 3% to lastm onth.
THISMONTH No. $792 $1,119,329 $1,130,000 34% 60 177
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$731 $1,042,344 $989,000 21% 47 220
14% 59% 28% -20%
$772 $1,154,545 $1,170,250 41% 68 167
-17% -12% 6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
3% -3% -3%
8% 7%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 202 ● AUG 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
231
220
192
217
182
166
177
167
161
160
157
148
140
82
72
68
55
48
46
60
70
71
36
47
39
16
$1.22M
$1.10M $1.15M $1.07M $1.17M
$1.17M $1.13M
$1.07M $1.15M
$1.05M $1.09M
$989K
$979K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
80
13
70
4+ bdrms
40
60
50
34
57% 59%
3 bdrms
40
110
50%
30
33%
27%
12
20
21%
2 bdrms
26
10
0
1 1
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
S-L RATIO SALES INVENTORY
4 2 50%
7 4 57%
27 16 59%
74 20 27%
40 13 33%
24 5 21%
1 0 n/a
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