richmond TOWNHOME-NOVEMBER 202
SALES TO LISTINGSRATIO 25% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere192 townhom elistingsin Richm ond in N ovem ber,17% below O ctoberand 86% higherthan N ovem ber2021. N ovem bertownhom esalesdecreased by14% m onth-over-m onth,to48,and were58% below N ovem ber2021. Thesales-to-listing ratio fortownhom esin Richm ond,at 25% ,reflected aselers'm arket. Thetownhom em edian pricein N ovem berwas $1,045,000,a10% decreasefrom Octoberand 0.7% below N ovem ber2021. Theaveragesold pricewas$1,075,902,6% below last m onth;theaveragePSF salepricewas$703,down 1.1% tolastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 5% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 1.2% VS 2021
▼ 0.7% VS 2021
▲ 86% VS 2021
▼ 58% VS 2021
THISMONTH No. $703 $1,075,902 $1,045,000 25% 48 192
PREVIOUSYEAR
PREVIOUSMONTH
No. 113 103
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
-5% 1.2% -0.7% -77% -58% 86%
$711 $1,144,902 $1,155,000 24% 56 231
-1.1% -6% -10% 3% -14% -17%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$737 $1,062,764 $1,052,000 110%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2021 ● NOV 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
248
231
229
230
220 217
192
160 195
15
13
93
19
103
87
80
78
56
47
73
71
64
48
56
45
39
$1.23M $1.17M
$1.16M
$1.13M $1.15M
$1.06M $1.11M
$1.05M $1.06M
$1.05M
$1000K $989K $1.07M
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
80
70
14
4+ bdrms
41
60
50
28
3 bdrms
40
118
44%
30
40%
5
20
22% 23%
2 bdrms
15%
29
10
9%
0
1
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
1 0 n/a
11 1 9%
10 4 40%
34 15 44%
73 16 22%
40 9 23%
20 3 15%
3 0 n/a
4
Copyright© Decem ber5,202 renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofDecem ber5,202 .Aldatafrom RealEstateBoardofGreater VancouverandFraserValey& Ren ie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshould takestepsastherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Al inform ationissubjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 36 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online