richmond TOWNHOME-FEBRUARY 202
SALESTO LISTINGSRATIO 61% SELLERS'MARKET
▶ MARKETSUMMARY Therewere119townhomelistingsinRichmondin February,49%aboveJanuaryand48%lowerthan February2021. Februarytownhomesalesincreasedby30% month-over-month,to73,andwere35%belowFebruary 2021. Thesales-to-listingratiofortownhomesinRichmond,at 61%,reflectedaselers'market. ThetownhomemedianpriceinFebruarywas $1,150,000,a1.7%increasefromJanuaryand28%above February2021. Theaveragesoldpricewas$1,153,050,1.1%belowlast month;theaveragePSFsalepricewas$782,up3%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 24% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 24% VS2021
▲ 28% VS2021
▼ 48% VS2021
▼ 35% VS2021
THISMONTH No. $782 $1,153,050 $1,150,000 61% 73 119
PREVIOUSYEAR
PREVIOUSMONTH
No. 49% 113 230
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
24% 24% 28% 25% -35% -48%
56 80
30% 49%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$760 $1,165,553 $1,130,844 70%
3% -1.1% 1.7% -12%
$629 $932,003 $901,900
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 2021 ● FEB 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
224
230
238
208
232
220
177
169
162
179
140
19
15
14
103
17
14
13
80
103 78
97
93
73
71
56
$1.15M
$1.13M
$1.05M
$1.06M
$1.03M
$970K
$950K
$942K
$945K
$948K
$938K
$918K
$902K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
40
21
100%
4+bdrms
92%
34
30
42
60%
3bdrms
20
51% 54%
72
50%
10
10
2bdrms
12
0
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
1 1 100%
6 3 50%
30 18 60%
26 24 92%
39 20 51%
13 7 54%
4 0 n/a
1
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