richmond TOWNHOME-NOVEMBER 2021
SALESTO LISTINGSRATIO 111% SELLERS'MARKET
▶ MARKETSUMMARY Therewere103townhomelistingsinRichmondin November,26%belowOctoberand61%lowerthan November2020. Novembertownhomesalesremainedthesame month-over-month,at114,andwere30%above November2020. Thesales-to-listingratiofortownhomesinRichmond,at 111%,reflectedaselers'market. ThetownhomemedianpriceinNovemberwas $1,053,500,a11%increasefromOctoberand22%above November2020. Theaveragesoldpricewas$1,064,142,6%abovelast month;theaveragePSFsalepricewas$738,up7%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 24% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 21% VS2020
▲ 22% VS2020
▼ 61% VS2020
▲ 30% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 81% 114 140
%Change
TOTALLISTINGS TOTALSALES
114 103
$593 $877,258 $864,000 33% 88 265
24% 21% 22% 233% 30% -61%
11% 36% 0% -26%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$738 $1,064,142 $1,053,500 111%
$687 $1,006,865 $947,950
7% 6%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● NOV 2020 ● NOV 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
265
238
235
232
230
224
208
220
217
177
169
162
179
140
15
103
14
17
14
13
78
88
103
97
93
59
$1.05M
$1.03M
$970K
$950K
$942K
$938K
$945K
$948K
$918K
$902K
$880K
$864K
$858K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
35
17
100%+ 100%+ 100%+ 100%+
96%
4+bdrms
30
29
25
83
20
3bdrms
68
15
31%
13
10
2bdrms
6
5
0
1
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
1 2 200%
9 15 167%
28 35 125%
22 31 141%
28 27 96%
13 4 31%
2 0 n/a
Copyright©December6,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofDecember6,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 33 ●
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