richmond TOWNHOME-JANUARY 202
SALESTO LISTINGSRATIO 70% SELLERS'MARKET
▶ MARKETSUMMARY Therewere80townhomelistingsinRichmondin January,13%aboveDecemberand66%lowerthan January2021. Januarytownhomesalesdecreasedby28% month-over-month,to56,andwere5%belowJanuary 2021. Thesales-to-listingratiofortownhomesinRichmond,at 70%,reflectedaselers'market. ThetownhomemedianpriceinJanuarywas$1,130,844, a6%changefromDecemberand32%aboveJanuary 2021. Theaveragesoldpricewas$1,165,553,5%abovelast month;theaveragePSFsalepricewas$760,up1.6%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 26% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 31% VS2021
▲ 32% VS2021
▼ 66% VS2021
▼ 5% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
56 80
$603 $891,058 $858,000 25% 59 235
26% 31% 32% 179% -5% -66%
79 71
1.6% 5% 6% -37% -29% 13%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$760 $1,165,553 $1,130,844 70%
$748 $1,109,233 $1,066,000 111%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 2021 ● JAN 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
224
235
238
208
232
230
220
177
169
162
179
140
15
14
103
17
14
13
79
103
97
80 56
93
71
59
$1.13M
$1.07M
$1.05M
$1.03M
$970K
$950K
$942K
$938K
$945K
$948K
$918K
$902K
$858K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
25
21
100%+
100%+
4+bdrms
24
20
71%
29
15
3bdrms
45
10
36%
36%
5
2bdrms
20%
5
11
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%
5 1 20%
22 8 36%
18 26 144%
21 15 71%
11 4 36%
2 0 n/a
Copyright©February8,202renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofFebruary8,202.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 33 ●
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