richmond TOWNHOME-SEPTEMBER 2021
SALESTO LISTINGSRATIO 57% SELLERS'MARKET
▶ MARKETSUMMARY Therewere162townhomelistingsinRichmondin September,9%belowAugustand49%lowerthan September2020. Septembertownhomesalesdecreasedby10% month-over-month,to93,andwere1.1%below September2020. Thesales-to-listingratiofortownhomesinRichmond,at 57%,reflectedaselers'market. ThetownhomemedianpriceinSeptemberwas $1,035,000,a10%increasefromAugustand22%above September2020. Theaveragesoldpricewas$1,030,930,9%abovelast month;theaveragePSFsalepricewas$672,up5%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 14% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 21% VS2020
▲ 22% VS2020
▼ 49% VS2020
▼ 1.0% VS2020
THISMONTH No. $672 $1,030,930 $1,035,000 57% 93 162
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 58% 103 179
%Change
TOTALLISTINGS TOTALSALES
$588 $852,490 $850,900 30% 94 315
14% 21% 22% 92% -1.1% -49%
5% 9% 10% -0.2% -10% -9%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$643 $945,388 $945,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● SEP 2020 ● SEP 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
315
265
289
238
235 230
232
224
208
220
217
177
169
162
103 179
15
88
78
17
94
13
93
97
91
59
$1.03M
$970K
$950K
$945K
$942K
$938K
$918K
$902K
$880K
$864K
$851K
$850K
$858K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
50
30
4+bdrms
92%
36
40
53
30
3bdrms
52%
108
50% 51%
20
33%
9
2bdrms
10
18
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
0 1 n/a
3 1 33%
28 14 50%
51 26 51%
36 33 92%
33 17 52%
9 1 11%
2 0 n/a
Copyright©October12,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofOctober12,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 30 ●
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