richmond TOWNHOME - FEBRUARY 2 0 2 5
SALES TO LISTINGS RATIO 14% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 5% VS 2024
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 92% VS 2024
▼ 12% VS 2024
▼ 15% VS 2024
▼ 30% VS 2024
There were 271 townhome listings in Richmond in February, 17% above January and 92% higher than February 2024. February townhome sales decreased by 25% month-over-month, to 39, and were 30% below February 2024. The sales-to-listing ratio for townhomes in Richmond, at 14%, re&ected a balanced market. The townhome median price in February was $1,038,000, a 11% decrease from January and 15% below February 2024. The average sold price was $1,075,305, 7% below last month; the average PSF sale price was $761, down 1.7% to last month.
THIS MONTH No. $761 $1,075,305 $1,038,000 14% 39 271
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$805 $1,223,488 $1,219,300 40% 56 141
-5% -12% -15% -64% -30% 92%
$774 $1,157,075 $1,169,450 23% 52 231
-1.7% -7% -11% -36% -25% 17%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● FEB 2024 ● FEB 2025
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
288
280
311
310
300
271
222
248
241
194
231
141
146
68
56
55
53
52
56
61
39
57
56
46
46
40
$1.22M $1.20M $1.15M $1.16M $1.20M $1.21M
$1.21M
$1.09M $1.17M
$1.08M $1.14M $1.12M
$1.04M
RICHMOND
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
7
4+ bdrms
70
80
22
3 bdrms
60
170
10
40
2 bdrms
33%
30
23%
18%
20
<2 bdrms
7%
7%
1
0
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
Null
S-L RATIO SALES INVENTORY
2 0 n/a
15 5 33%
44 10 23%
91 16 18%
76 5 7%
41 3 7%
1 0 n/a
1 0 n/a
Copyright © 2025 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 10, 2025. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 39 ●
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