richmond
TOWNHOME - AUGUST 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 10 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
42 % UP
BALANCED 12 %
10 % DOWN
11 % DOWN
4 % DOWN
The number of townhome listings in Richmond fell to 458 in August, 5% below the previous month but a 42% increase vs August 2018. The 54 townhome sales in August were 11 below July and 2 lower than last year. The townhome sales-to-listings ratio dipped to 12%, as Richmond’s townhome market remained in balanced market territory. The benchmark price for townhomes in August was $774,900, 0.5% above July but 10% lower than in August 2018. The average sold price was $767,360 (0.9% below July) with an average PSF sales price of $527 (0.6% below July).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 483
% Change
No. 323
% Change
TOTAL LISTINGS
458
-5%
42% -4% -32% -10% -10% -11%
TOTAL SALES
54
65
-17% -12%
56
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
12%
13%
17%
$774,900 $770,900 $767,360 $774,128
0.5% $862,600 -0.9% $854,973 -0.6% $590
$527
$530
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$862,600 $851,400 $820,000 $795,900 $778,000 $779,200 $774,900
486
451
458
342
336
323
269
60
56
54
45
42
28
27
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
14
4+ bdrms
BUYER'S MARKET
128
38
3 bdrms
266
2
<3 bdrms
. . . . 0 0 0 0 QD QD QD
64
S-L RATIO SALES INVENTORY
Current as of September 2, 2019. All data from the Real Estate Board of Greater Vancouver and Fraser Valley. The information set out herein (the “Information”) is intended for informational purposes only. RAR & RMS has not verified the information and does not represent, warrant or guarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipientmaydeemnecessary toverify the informationprior toplacinganyrelianceupon the information.The informationmaychangeandanypropertydescribed in the informationmaybewithdrawn from themarketatany timewithoutnoticeorobligation to therecipient fromRAR&RMS. 30
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