richmond
TOWNHOME OCTOBER
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
SELLER’S 32 %
32 % DOWN
5 % UP
1.4 % UP
8 % UP
The number of townhome listings in Richmond decreased to 287 in October, 9% below the previous month and a 32% decrease vs October 2019. The 92 townhome sales in October were 2% below September but 8% higher year-over-year. The townhome sales-to-listings ratio increased to 32%, as Richmond’s townhome market remained in seller’s market territory. The benchmark price for townhomes in October was $817,600, 1.5% above September and 6% higher than in October 2019. The average sold price was $850,798 (0.2% below September) with an average PSF sales price of $574 (2% below September).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 315
% Change
No. 419
% Change
TOTAL LISTINGS
287
-9% -2%
-32%
TOTAL SALES
92
94
85
8%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
32%
30%
7%
20%
58%
$817,600 $805,400 $850,798 $852,490
1.5% $772,500 -0.2% $807,948
6% 5%
$574
$588
-2%
$566
1.4%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$817,600
$772,500 $765,200 $780,700 $794,400 $791,100 $806,900
419
329
322
300
287
288
278
92
92
85
62
58
52
38
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
81
66
3 bdrms
166
15
<3 bdrms
. . . . 0 0 0 0 QD QD QD
40
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 November 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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