richmond
TOWNHOME - SEPTEMBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 11 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
25 % UP
111 % UP
BALANCED 18 %
10 % DOWN
8 % DOWN
The number of townhome listings in Richmond fell to 421 in September, 11% below the previous month but a 25% increase vs September 2018. The 74 townhome sales in September were 37% above August and 111% higher year-over-year. The townhome sales-to-listings ratio jumped to 18%, as Richmond’s townhome market transitioned to balanced market territory. The benchmark price for townhomes in September was $767,300, 1.0% below August and 11% lower than in September 2018. The average sold price was $780,026 (1.7% above August) with an average PSF sales price of $542 (3% above August).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 475
% Change
No. 336
% Change
TOTAL LISTINGS
421
-11% 37% 55%
25%
TOTAL SALES
74
54
35
111% 69% -11% -10%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
18%
11%
10%
$767,300 $774,900 $780,026 $767,360
-1.0% $862,600 1.7% $869,914
$542
$527
3%
$588
-8%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$862,600 $838,900 $808,100 $785,600 $776,700 $770,900 $767,300
493
466
421
392
336
333
323
74
65
54
42
35
27
26
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
21
4+ bdrms
BUYER'S MARKET
111
40
3 bdrms
247
13
<3 bdrms
. . . . 0 0 0 0 QD QD QD
63
S-L RATIO SALES INVENTORY
Copyright © 2019 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 October 3, 2019. All data from RealEstateBoardof 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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