richmond beach/shoreline SINGLE-FAMILY HOME - AUGUST 2 0 2 4
MONTHS OF INVENTORY 0.9 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 7% VS 2023
▲ 41% VS 2023
▼ 16% VS 2023
▼ 11% VS 2023
There were 33 single-family home listings in Richmond Beach/Shoreline in August, 28% below July and 11% lower than August 2023. August single-family home sales increased by 27% month-over-month, to 38, and were 41% above August 2023. The months of inventory for single-family home in Richmond Beach/Shoreline, at 0.9, re)ected a sellers' market. The single-family home median price in August was $936,000, a 5% increase from July and 7% above August 2023. The average sold price was $1,137,224, 17% below last month and down 16% to August 2023.
PREVIOUS YEAR
No.
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
38 33
27 37
-16% 7% -37% 41% -11%
30 46
-17% 5% -43% 27% -28%
$1,137,224 $936,000 0.9
$1,364,148 $889,500 1.5
$1,349,035 $876,000 1.4
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
45
46
37
43
37
39
38
34
36
40
37
34
33
27
25
25
30
22
22
27
17
16
21
19
17
16
15
13
13
$950K
$950K
$938K
$936K
$890K
$876K
$881K
$865K
$875K
$860K
$858K
$850K
$788K
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
25
1.6
20
0.8
0.8
15
0.3
10
5
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
MOI INVENTORY SALES
23 19 0.8
5 8 1.6
4 1 0.3
5 4 0.8
1 0 n/a
0 1 n/a
Information and statistics derived from Northwest Multiple Listing Service. Copyright © 2024 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 September 9, 2024. 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. 45 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online