richmond TOWNHOME-MARCH 2023
SALES TO LISTINGSRATIO 40% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 9% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 7% VS 2022
▼ 10% VS 2022
▲ 13% VS 2022
▼ 37% VS 2022
Therewere181 townhom elistingsin Richm ond in M arch,16% aboveFebruaryand 13% higherthan M arch 2022. M arch townhom esalesincreased by57% m onth-over-m onth,to 72,and were37% below M arch 2022. Thesales-to-listing ratio fortownhom esin Richm ond,at 40% ,reflected aselers'm arket. Thetownhom em edian pricein M arch was$1,100,000,a 6% decreasefrom Februaryand 10% below M arch 2022. Theaveragesold pricewas$1,120,603,3% below last m onth;theaveragePSF salepricewas$759,down 2.0% tolastm onth.
THISMONTH No. $759 $1,120,603 $1,100,000 40% 72 181
PREVIOUSMONTH
PREVIOUSYEAR
No. 72% 115 160
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
-10% -45% -37% 13%
$774 $1,150,354 $1,166,250 29% 46 156
-2% -3% -6% 35% 57% 16%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$832 $1,211,126 $1,227,000
-9% -7%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAR 202 ● MAR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
248
231
229
230
192
220
217
181
195
160
156
148
140
15
93
87
72
55
48
47
46
36
64
45
39
16
$1.23M $1.17M
$1.17M $1.10M
$1.07M $1.15M
$1.06M $1.11M
$1.05M $1.09M
$1000K $989K
$979K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
60
14
4+ bdrms
52
50
73%
67%
40
64%
52
3 bdrms
105
30
43%
20
27%
6
2 bdrms
20%
21
10
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
3
S-L RATIO SALES INVENTORY
3 2 67%
11 8 73%
35 15 43%
44 28 64%
61 12 20%
26 7 27%
1 0 n/a
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