richmond
TOWNHOME - MAY 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
53 % UP
9 % DOWN
14 % DOWN
28 % DOWN
BALANCED 12 %
The number of townhome listings in Richmond rose to 456 in May, 1.8% above the previous month and a 53% increase vs May 2018. The 54 townhome sales in May were 29% above April but a drop of 28% vs last year. The townhome sales-to-listings ratio increased to 12%, as Richmond’s townhome market transitioned to balanced market territory. The benchmark price for townhomes in May was $776,700, virtually unchanged from April and 8% lower than in May 2018. The average sold price was $817,026 (3% below April) with an average PSF sales price of $534 (7% below April).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 448
% Change
No. 298
% Change
TOTAL LISTINGS
456
1.8% 29% 26%
53% -28% -53%
TOTAL SALES
54
42 9%
75
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
12%
25%
$776,700 $778,000 $817,026 $846,516
-0.2% $846,300 -3% $896,736
-8% -9%
$534
$574
-7%
$624
-14%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$846,300 $869,400 $862,400 $840,200 $808,200 $791,500 $776,700
456
397
342
338
328
322
298
75
56
54
42
35
27
26
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
13
4+ bdrms
BUYER'S MARKET
120
37
3 bdrms
270
4
<3 bdrms
. . . . 0 0 0 0 QD QD QD QD
66
S-L RATIO SALES INVENTORY
CurrentasofJune4,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (the“Information”) is intended for informationalpurposesonly.RAR&RMShasnotverifiedthe informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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