richmond TOWNHOME-MAY 2023
SALES TO LISTINGSRATIO 51% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 1.7% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 4% VS 2022
▲ 0.9% VS 2022
▼ 35% VS 2022
▲ 28% VS 2022
Therewere161 townhom elistingsin Richm ond in M ay, 0.6% aboveApriland 35% lowerthan M ay2022. M aytownhom esalesincreased by17% m onth-over-m onth,to82,and were28% aboveM ay 2022. Thesales-to-listing ratio fortownhom esin Richm ond,at 51% ,reflected aselers'm arket. Thetownhom em edian pricein M aywas$1,072,500,a 7% decreasefrom Apriland 0.9% aboveM ay2022. Theaveragesold pricewas$1,103,885,4% below last m onth;theaveragePSF salepricewas$761,up 3% to lastm onth.
THISMONTH No. $761 $1,103,885 $1,072,500 51% 82 161
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$749 $1,061,636 $1,062,500 26% 64 248
1.7% 4% 0.9% 97% 28% -35%
$742 $1,144,461 $1,150,000 44% 70 160
16% 17% 0.6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
3% -4% -7%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 202 ● MAY 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
248
231
229
230
192
220
217
182
161
160
157
148
140
87
72
82
55
64
48
47
46
70
36
45
39
16
$1.17M $1.10M $1.15M
$1.15M
$1.06M $1.11M
$1.07M
$1.05M $1.09M
$1000K $989K $1.07M
$979K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
60
19
100%+
96%
4+ bdrms
50
50
40
50
3 bdrms
84
30
41% 43%
20
12
23%
2 bdrms
20%
25
10
0
1
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
2
S-L RATIO SALES INVENTORY
5 1 20%
4 7 175%
27 26 96%
58 24 41%
44 19 43%
22 5 23%
1 0 n/a
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