richmond TOWNHOME-APRIL 202
SALESTO LISTINGSRATIO 48% SELLERS'MARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 22% VS2021
TOTALLISTINGS
MEDIANPRICE
SALES
▲ 18% VS2021
▲ 21% VS2021
▼ 16% VS2021
▼ 45% VS2021
Therewere195townhomelistingsinRichmondinApril, 21%aboveMarchand16%lowerthanApril2021. Apriltownhomesalesdecreasedby19% month-over-month,to93,andwere45%belowApril 2021. Thesales-to-listingratiofortownhomesinRichmond,at 48%,reflectedaselers'market. ThetownhomemedianpriceinAprilwas$1,170,000,a 5%decreasefromMarchand21%aboveApril2021. Theaveragesoldpricewas$1,159,456,4%belowlast month;theaveragePSFsalepricewas$808,down3%to lastmonth.
THISMONTH No. $808 $1,159,456 $1,170,000 48% 93 195
PREVIOUSYEAR
PREVIOUSMONTH
No. 73% 169 232
%Change
No. 71% 115 161
%Change
TOTALLISTINGS TOTALSALES
22% 18% 21% -35% -45% -16%
-33% -19% 21%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$832 $1,211,126 $1,227,000
-3% -4% -5%
$663 $978,730 $969,900
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2021 ● APR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
232
238
208
195
220
169
162
161
179
140
15
14
15
103
19
17
14
80
93
103 78
97
93
73
71
56
$1.23M $1.15M
$1.17M
$1.13M
$1.05M
$1.06M
$1.03M
$970K
$950K
$945K
$948K
$942K
$938K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
60
25
100%
4+bdrms
50
52
40
56
3bdrms
55%
30
112
45%
45%
41%
20
12
25%
2bdrms
29
10
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 1 25%
7 7 100%
51 23 45%
49 27 55%
58 26 45%
22 9 41%
4 0 n/a
2
Copyright©May5,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay5,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E. 33 ●
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