richmond
TOWNHOME - NOVEMBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
7 % UP
3 % DOWN
BALANCED 19 %
9 % DOWN
1.0 % UP
62 % UP
The number of townhome listings in Richmond fell to 356 in November, 13% below the previous month but a 7% increase vs November 2018. The 68 townhome sales in November were 20% below October but 62% higher year-over-year. The townhome sales-to-listings ratio declined to 19%, as Richmond’s townhome market transitioned to balanced market territory. The benchmark price for townhomes in November was $766,400, 0.9% below October and 9% lower than in November 2018. The average sold price was $828,079 (2% above October) with an average PSF sales price of $554 (2% below October).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 410
% Change
No. 333
% Change
TOTAL LISTINGS
356
-13% -20%
7%
TOTAL SALES
68
85
42
62% 51% -9% 1.0%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
19%
21%
-8%
13%
$766,400 $773,400 $828,079 $807,948
-0.9% $838,900 2% $819,481
$554
$566
-2%
$569
-3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$838,900 $808,100 $785,600 $776,700 $770,900 $767,300 $766,400
493
466
445
392
356
333
323
74
68
65
54
42
27
26
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
18
4+ bdrms
88
SELLER'S MARKET
BALANCED
BUYER'S MARKET
47
3 bdrms
219
3
<3 bdrms
. . . . 0 0 0 0 QD QD
49
S-L RATIO SALES INVENTORY
Copyright © 2019 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 December 4, 2019. All data from RealEstateBoard ofGreaterVancouverandFraserValley & 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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