richmond
TOWNHOME APRI L
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
0.9 % DOWN
4 % DOWN
7 % DOWN
79 % UP
45 % DOWN
BUYER’S 10 %
The number of townhome listings in Richmond rose to 441 in April, 12% above the previous month and a 79% increase vs April 2018. The 42 townhome sales in April were 56% above March but a drop of 45% vs last year. The townhome sales-to-listings ratio increased to 10%, as Richmond’s townhome market remained in buyer’s market territory. The benchmark price for townhomes in April was $780,200, 1.4% below March and 7% lower than in April 2018. The average sold price was $846,516 (virtually unchanged from March) with an average PSF sales price of $574 (0.7% above March).
VS
VS
VS
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VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 394
% Change
No. 246
% Change
TOTAL LISTINGS
441
12% 56% 39%
79% -45% -69%
TOTAL SALES
42
27 7%
76
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
10%
31%
$780,200 $791,500 $846,516 $848,278
-1.4% $839,000 -0.2% $854,500
-7%
-0.9%
$574
$570
0.7%
$597
-4%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$839,000 $854,800 $865,400 $851,700 $819,800 $796,400 $780,200
441
347
342
329
310
274
246
76
64
56
45
42
28
27
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
10
4+ bdrms
BUYER'S MARKET
108
26
3 bdrms
279
6
<3 bdrms
. . . . 0 0 0 0 QD QD QD QD
55
S-L RATIO SALES INVENTORY
CurrentasofMay3,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The information setoutherein (the “Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the 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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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