richmond TOWNHOME-OCTOBER 202
SALES TO LISTINGSRATIO 24% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere231 townhom elistingsin Richm ond in O ctober,6% aboveSeptem berand 65% higherthan October2021. O ctobertownhom esalesincreased by44% m onth-over-m onth,to 56,and were51% below O ctober 2021. Thesales-to-listing ratio fortownhom esin Richm ond,at 24% ,reflected aselers'm arket. Thetownhom em edian pricein Octoberwas$1,155,000, a8% increasefrom Septem berand 22% aboveO ctober 2021. Theaveragesold pricewas$1,144,902,11% abovelast m onth;theaveragePSF salepricewas$711,down 0.6% tolastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 4% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 14% VS 2021
▲ 22% VS 2021
▲ 65% VS 2021
▼ 51% VS 2021
THISMONTH No. $711 $1,144,902 $1,155,000 24% 56 231
PREVIOUSYEAR
PREVIOUSMONTH
No. 81% 114 140
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
4% 14% 22% -70% -51% 65%
$716 $1,035,003 $1,072,000 18% 39 217
35% 44% 6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
-0.6% 11% 8%
$687 $1,006,865 $947,950
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2021 ● OCT 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
248
229
231
230
220 217
160 195
140
15
13
14
93
19
87
80
78
103
47
73
71
56
64
56
45
39
$1.23M $1.17M
$1.16M
$1.13M $1.15M
$1.06M $1.11M
$1.05M $1.06M
$1000K $989K $1.07M
$948K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
80
20
4+ bdrms
56
60
32
3 bdrms
143
40
27% 27% 28%
4
20
2 bdrms
20%
17%
26
8%
0
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
1 0 n/a
12 1 8%
12 2 17%
49 13 27%
83 22 27%
47 13 28%
25 5 20%
2 0 n/a
6
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