richmond beach/shoreline SINGLE-FAMILY HOME - APRIL 2 0 2 4
MONTHS OF INVENTORY 0.7 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 44% VS 2023
▼ 6% VS 2023
▼ 0.8% VS 2023
▼ 35% VS 2023
There were 17 single-family home listings in Richmond Beach/Shoreline in April, 31% above March and 35% lower than April 2023. April single-family home sales increased by 4% month-over-month, to 26, and were 44% above April 2023. The months of inventory for single-family home in Richmond Beach/Shoreline, at 0.7, re)ected a sellers' market. The single-family home median price in April was $888,000, a 0.8% increase from March and 0.8% below April 2023. The average sold price was $1,206,352, 30% above last month and down 6% to April 2023.
PREVIOUS YEAR
No.
% Change
No.
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
26 17
18 26
-6% -0.8% -55% 44% -35%
25 13
30% 0.8% 26% 4% 31%
$1,206,352 $888,000 0.7
$927,597 $881,000 0.5
$1,277,661 $895,000 1.44
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
43
35
38
37
35
33
28
31
25
25
27
26
26
26
22
22
27
27
26
21
15
17
19
18
17
14
14
13
11
$950K
$950K
$895K
$895K
$888K
$876K
$881K
$870K
$865K
$860K
$850K
$840K
$788K
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
3.0
15
10
0.4
0.3
5
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
MOI INVENTORY SALES
16 6 0.4
6 2 0.3
1 3 3.0
0 4 n/a
0 1 n/a
1 0 n/a
1 0 n/a
1 0 n/a
0 1 n/a
Copyright © May 8, 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 Northwest Multiple Listing Service & 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 or revised at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 4 5 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online