richmond TOWNHOME - APRIL 2 0 2 4
SALES TO LISTINGS RATIO 32% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 7% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 20% VS 2023
▼ 1.5% VS 2023
▼ 13% VS 2023
- VS 2023
There were 192 townhome listings in Richmond in April, 32% above March and 20% higher than April 2023. April townhome sales increased by 7% month-over-month, to 61, and were 13% below April 2023. The sales-to-listing ratio for townhomes in Richmond, at 32%, reflected a sellers' market. The townhome median price in April was $1,150,000, a 4% decrease from March and no change to April 2023. The average sold price was $1,127,175, 7% below last month; the average PSF sale price was $794, down 1.5% to last month.
THIS MONTH No. $794 $1,127,175 $1,150,000 32% 61 192
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$742 $1,144,461 $1,150,000 44% 70 160
7% -1.5% 0% -27% -13% 20%
$806 $1,213,830 $1,200,000 39% 57 145
-1.5% -7% -4% -19% 7% 32%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● APR 2023 ● APR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
184
192
166
190
187
177
160
167
161
156
146
145
140
82
68
60
70
56
61
71
43
57
49
35
25
25
$1.22M $1.17M
$1.19M $1.22M $1.20M $1.15M
$1.15M $1.07M
$1.13M $1.10M
$1.04M $1.09M $1.10M
RICHMOND
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
60
13
4+ bdrms
51
50
40
38
57%
3 bdrms
122
30
41%
32% 32%
20
8
2 bdrms
19
12%
10
0
2
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
S-L RATIO SALES INVENTORY
0 2 n/a
7 4 57%
34 14 41%
62 20 32%
53 17 32%
33 4 12%
3 0 n/a
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 May 8, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 39 ●
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