richmond
TOWNHOME JUNE
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 2 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
BALANCED 20 %
36 % DOWN
13 % UP
13 % UP
3 % UP
The number of townhome listings in Richmond increased to 309 in June, 10% above the previous month but a 36% decrease vs June 2019. The 62 townhome sales in June were 17 above May and 2 above June 2019. The townhome sales-to-listings ratio increased to 20%, as Richmond’s townhome market remained a balanced market. The benchmark price for townhomes in June was $791,100, 0.3% belowMay but 2% higher than in June 2019. The average sold price was $845,662 (5% higher vs May) with an average PSF sales price of $602 (a 3% increase fromMay).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 281
% Change
No. 486
% Change
TOTAL LISTINGS
309
10% 38% 25%
-36%
TOTAL SALES
62
45
60
3%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
20%
16%
12%
63%
$791,100 $793,500 $845,662 $809,134
-0.3% $771,900 5% $746,926
2%
13% 13%
$602
$583
3%
$534
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$771,900 $773,400 $772,500 $765,200 $780,700 $794,400 $791,100
486
482
419
309
300
288
277
85
62
60
58
54
52
38
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
14
4+ bdrms
79
SELLER'S MARKET
BALANCED
43
3 bdrms
BUYER'S MARKET
191
5
<3 bdrms
. . . . 0 0 0 0 QD QD
39
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 July 3, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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