richmond TOWNHOME-JUNE 2021
SALESTO LISTINGSRATIO 53% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 8% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 12% VS2020
▲ 11% VS2020
▼ 33% VS2020
▲ 85% VS2020
Therewere215townhomelistingsinRichmondinJune, 8%belowMayand33%lowerthanJune2020. Junetownhomesalesdecreasedby1.7% month-over-month,to115,andwere85%aboveJune 2020. Thesales-to-listingratiofortownhomesinRichmond,at 53%,reflectedaseler'smarket. ThetownhomemedianpriceinJunewas$941,500,a 0.9%decreasefromMayand11%aboveJune2020. Theaveragesoldpricewas$944,500,0.6%abovelast month;theaveragePSFsalepricewas$652,up3%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 50% 117 234
%Change
TOTALLISTINGS TOTALSALES
53% 115 215
$602 $845,582 $849,400 19% 62 320
8% 12% 11% 176% 85% -33%
3% 0.6% -0.9% 7% -1.7% -8%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$652 $944,500 $941,500
$634 $939,308 $950,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUN 2020 ● JUN 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
334
315
320
289
263
301
234
233
228
228
221
215
177 169
215
98
94
15
88
78
17
13
93
91
62
59
$970K
$950K
$942K
$918K
$902K
$880K
$864K
$857K
$859K
$851K
$858K
$849K
$850K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
80
70
26
100%+
4+bdrms
51
60
50
70
57% 59%
3bdrms
40
128
50%
43%
30
39%
15
20
2bdrms
36
10
0
4
<$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
0 2 n/a
3 9 300%
49 19 39%
74 42 57%
49 29 59%
30 13 43%
8 0 n/a
2 1 50%
Copyright©July5,2021reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofJuly5,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 30 ●
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