richmond
TOWNHOME - FEBRUARY 2020
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
SELLER’S 21 %
18 % DOWN
11 % UP
10 % UP
1.5 % DOWN
115 % UP
The number of townhome listings in Richmond fell to 279 in February, 0.7% below the previous month and an 18% decrease vs February 2019. The 58 townhome sales in February were 3 below January but 31 higher year-over-year. The townhome sales-to-listings ratio dipped to 21%, as Richmond’s townhome market remained in sell- er’s market territory. The benchmark price for townhomes in February was $784,000, 1.1% above January but 1.5% lower than in February 2019. The average sold price was $892,138 (8% above January) with an average PSF sales price of $577 (3% above January).
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 281
% Change
No. 342
% Change
TOTAL LISTINGS
279
-0.7%
-18% 115% 163% -1.5%
TOTAL SALES
58
61
-5% -4%
27 8%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
21%
22%
$784,000 $775,500 $892,138 $825,144
1.1% $795,900 8% $803,282
11% 10%
$577
$558
3%
$524
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$795,900 $778,000 $779,200 $774,900 $773,400 $770,300 $784,000
486
482
451
419
342
288
279
85
60
58
54
52
42
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RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
19
4+ bdrms
BUYER'S MARKET
77
35
3 bdrms
166
4
<3 bdrms
. . . . 0 0 0 0 QD QD QD
36
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 March 4, 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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