richmond
TOWNHOME JANUARY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % DOWN
SELLER’S 22 %
15 % DOWN
5 % UP
135 % UP
The number of townhome listings in Richmond fell to 273 in January, 3% below the previous month and a 15% decrease vs January 2019. The 61 townhome sales in January were 17% above December and 135% higher year-over-year. The townhome sales-to-listings ratio rose to 22%, as Richmond’s townhome market transitioned to seller’s market territory. The benchmark price for townhomes in January was $775,500, 0.7% above December but 4% lower than in January 2019. The average sold price was $825,144 (3% above December) with an average PSF sales price of $558 (3% above December).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 281
% Change
No. 323
% Change
TOTAL LISTINGS
273
-3% 17% 21%
-15% 135% 178%
TOTAL SALES
61
52
26 8%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
22%
19%
$775,500 $770,300 $825,144 $797,949
0.7% $808,100 3% $789,529
-4%
5%
$558
$542
3%
$576
-3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$808,100 $785,600 $776,700 $770,900 $767,300 $766,400 $775,500
493
466
445
392
369
323
273
74
68
65
61
54
27
26
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
15
4+ bdrms
BUYER'S MARKET
85
39
3 bdrms
154
7
<3 bdrms
. . . . 0 0 0 0 QD QD QD
34
S-L RATIO SALES INVENTORY
Copyright © 2020 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 February 5, 2020. All data from RealEstateBoardof Greater Vancouver and Fraser Valley & Rennie. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
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