richmond
TOWNHOME MAY
AVERAGE PRICE
AVERAGE PSF PRICE 9 % UP
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
BALANCED 16 %
41 % DOWN
17 % DOWN
1.0 % DOWN
The number of townhome listings in Richmond increased to 277 in May, 1.1% above the previous month but a 41% decrease vs May 2019. The 45 townhome sales in May were 7 above April but 9 lower year-over-year. The townhome sales-to-listings ratio increased to 16%, as Richmond’s townhome market remained balanced. The benchmark price for townhomes in May was $793,500, relatively unchanged from April and 3% higher than in May 2019. The average sold price was $809,134 (2% below April) with an average PSF sales price of $583 (rela- tively unchanged from April).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 274
% Change
No. 466
% Change
TOTAL LISTINGS
277
1.1% 18% 17%
-41% -17% 40%
TOTAL SALES
45
38
54
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
16%
14%
12%
$793,500 $794,400 $809,134 $829,216
-0.1% $773,400 -2% $817,026 -0.2% $534
3%
-1.0%
$583
$584
9%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$773,400 $766,400 $770,100 $761,900 $771,000 $789,900 $793,500
493
466
445
369
309
288
277
74
68
68
65
61
54
45
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
11
4+ bdrms
BUYER'S MARKET
71
27
3 bdrms
176
7
<3 bdrms
. . . . 0 0 0 0 QD QD QD
30
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 June 4, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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