richmond TOWNHOME-MARCH 202
SALESTO LISTINGSRATIO 71% SELLERS'MARKET
▶ MARKETSUMMARY Therewere161townhomelistingsinRichmondin March,35%aboveFebruaryand28%lowerthanMarch 2021. Marchtownhomesalesincreasedby58% month-over-month,to115,andwere35%belowMarch 2021. Thesales-to-listingratiofortownhomesinRichmond,at 71%,reflectedaselers'market. ThetownhomemedianpriceinMarchwas$1,227,000,a 7%increasefromFebruaryand34%aboveMarch2021. Theaveragesoldpricewas$1,211,126,5%abovelast month;theaveragePSFsalepricewas$832,up6%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 28% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 32% VS2021
▲ 34% VS2021
▼ 28% VS2021
▼ 35% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 79% 177 224
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
71% 115 161
29% 32% 34% -10% -35% -28%
$782 $1,153,050 $1,150,000 61% 73 119
16% 58% 35%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$832 $1,211,126 $1,227,000
6% 5% 7%
$644 $915,541 $918,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 2021 ● MAR 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
224
238
208
232
220
169
162
161
177
179
140
15
14
15
103
19
17
14
80
78
103
97
93
73
71
56
$1.23M $1.15M
$1.13M
$1.05M
$1.06M
$1.03M
$970K
$950K
$945K
$948K
$942K
$938K
$918K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
50
36
100%+
4+bdrms
40
90%
47
83%
68%
30
68
3bdrms
91
44% 44%
20
8
25%
2bdrms
10
23
0
3
<$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
2 5 250%
9 4 44%
41 18 44%
39 35 90%
47 39 83%
19 13 68%
4 1 25%
Copyright©April7,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionofthereniegroupofcompanies.CurentasofApril7,202.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 33 ●
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