richmond beach/shoreline SINGLE-FAMILY HOME - JULY 2 0 2 4
MONTHS OF INVENTORY 1.5 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 33% VS 2023
▲ 6% VS 2023
▲ 77% VS 2023
▼ 14% VS 2023
There were 46 single-family home listings in Richmond Beach/Shoreline in July, 15% above June and 77% higher than July 2023. July single-family home sales decreased by 12% month-over-month, to 30, and were 14% below July 2023. The months of inventory for single-family home in Richmond Beach/Shoreline, at 1.5, reflected a sellers' market. The single-family home median price in July was $889,500, a 4% increase from June and 6% above July 2023. The average sold price was $1,364,148, 25% above last month and up 33% to July 2023.
PREVIOUS YEAR
No.
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
30 46
35 26
106% -14% 77%
34 40
25% 4% 30% -12% 15%
$1,364,148 $889,500 1.5
$1,087,482 $858,000 1.2
$1,028,379 $840,000 0.7
33% 6%
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
45
37
46
43
35
39
34
37
36
35
40
34
30
25
25
22
22
27
27
26
17
16
21
19
17
16
15
13
13
$950K
$950K
$938K
$890K
$876K
$881K
$865K
$875K
$860K
$858K
$850K
$840K
$788K
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
30
3.3
25
20
2.0
2.0
1.6
15
10
5
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
MOI INVENTORY SALES
18 28 1.6
4 13 3.3
2 0 n/a
1 2 2.0
2 0 n/a
1 2 2.0
1 0 n/a
1 0 n/a
0 1 n/a
Information and statistics derived from Northwest Multiple Listing Service. Copyright © 2024 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 August 6, 2024. 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. 45 ●
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