richmond TOWNHOME - DECEMBER 2 0 2 4
SALES TO LISTINGS RATIO 22% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 1.2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 58% VS 2023
▲ 120% VS 2023
▼ 3% VS 2023
▼ 1.1% VS 2023
There were 246 townhome listings in Richmond in December, 14% below November and 58% higher than December 2023. December townhome sales increased by 20% month-over-month, to 55, and were 120% above December 2023. The sales-to-listing ratio for townhomes in Richmond, at 22%, reflected a sellers' market. The townhome median price in December was $1,087,900, a 10% decrease from November and 1.1% below December 2023. The average sold price was $1,121,858, 5% below last month; the average PSF sale price was $762, down 1.1% to last month.
THIS MONTH No. $762 $1,121,858 $1,087,900 22% 55 246
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$752 $1,160,328 $1,100,000 16% 25 156
1.2% -3% -1.1% 40% 120% 58%
$770 $1,178,596 $1,206,250 16% 46 285
-1.1% -5% -10% 39% 20% -14%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2023 ● DEC 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
285
277
309
308
298
246
218
238
192
156
146
140 145
68
56
54
53
55
60
57
55
46
46
25
39
35
$1.21M
$1.19M $1.22M $1.20M $1.15M $1.16M $1.20M $1.20M
$1.10M
$1.08M $1.14M $1.12M
$1.09M
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
80
7
70
4+ bdrms
56
60
50
38
3 bdrms
151
40
34%
30
31% 30%
10
2 bdrms
20
37
12% 11%
10
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
2
S-L RATIO SALES INVENTORY
1 0 n/a
13 4 31%
46 14 30%
70 24 34%
78 9 12%
36 4 11%
2 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 January 13, 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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