richmond TOWNHOME-JUNE 2023
SALES TO LISTINGSRATIO 43% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 12% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 15% VS 2022
▲ 10% VS 2022
▼ 28% VS 2022
▼ 18% VS 2022
Therewere165townhom elistingsin Richm ond in June, 2% aboveM ayand 28% lowerthan June2022. Junetownhom esalesdecreased by13% m onth-over-m onth,to71,and were18% below June 2022. Thesales-to-listing ratio fortownhom esin Richm ond,at 43% ,reflected aselers'm arket. Thetownhom em edian pricein Junewas$1,218,000,a 14% increasefrom M ayand 10% aboveJune2022. Theaveragesold pricewas$1,245,432,13% abovelast m onth;theaveragePSF salepricewas$811,up 6% to lastm onth.
THISMONTH No. $811 $1,245,432 $1,218,000 43% 71 165
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$725 $1,086,876 $1,110,000 38% 87 230
12% 15% 10% 14% -18% -28%
$761 $1,103,885 $1,072,500 51% 82 161
6% 13% 14% -16% -13% 2%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUN 202 ● JUN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
231
230
229
192
220
217
182
165
161
160
157
148
140
87
82
72
71
55
48
47
46
70
36
45
39
16
$1.22M
$1.10M $1.15M $1.07M $1.17M
$1.11M
$1.07M $1.15M
$1.05M $1.09M
$1000K $989K
$979K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
60
21
100%
50
4+ bdrms
46
40
43
3 bdrms
55%
30
92
50%
44%
33%
20
7
2 bdrms
20%
17%
25
10
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
2
S-L RATIO SALES INVENTORY
6 1 17%
6 2 33%
30 6 20%
55 30 55%
45 20 44%
22 11 50%
1 1 100%
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