richmond TOWNHOME-OCTOBER 2021
SALESTO LISTINGSRATIO 81% SELLERS'MARKET
▶ MARKETSUMMARY Therewere140townhomelistingsinRichmondin October,14%belowSeptemberand52%lowerthan October2020. Octobertownhomesalesincreasedby23% month-over-month,to114,andwere25%aboveOctober 2020. Thesales-to-listingratiofortownhomesinRichmond,at 81%,reflectedaselers'market. ThetownhomemedianpriceinOctoberwas$947,950,a 8%decreasefromSeptemberand12%aboveOctober 2020. Theaveragesoldpricewas$1,006,865,2%belowlast month;theaveragePSFsalepricewas$687,up2%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 20% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 18% VS2020
▲ 12% VS2020
▼ 52% VS2020
▲ 25% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
81% 114 140
$574 $850,609 $850,000 31% 91 289
20% 18% 12% 159% 25% -52%
$672 $1,030,930 $1,035,000 57% 93 162
42% 23% -14%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$687 $1,006,865 $947,950
2% -2% -8%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2020 ● OCT 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
289
265
238
235
232
230
224
208
220
217
177
169
162
179
140 14
15
103
88
17
78
13
91
97
93
59
$1.03M
$970K
$950K
$945K
$948K
$942K
$938K
$918K
$902K
$880K
$864K
$850K
$858K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
50
26 26
100%+
100%
4+bdrms
40
84% 82%
75%
76
30
3bdrms
55%
96
20
30%
12
2bdrms
10
17
0
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
4 3 75%
13 22 169%
49 41 84%
34 28 82%
29 16 55%
10 3 30%
1 1 100%
1
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