richmond beach/shoreline SINGLE-FAMILY HOME - NOVEMBER 2 0 2 4
MONTHS OF INVENTORY 0.7 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 3% VS 2023
▲ 19% VS 2023
▼ 2% VS 2023
▼ 28% VS 2023
There were 18 single-family home listings in Richmond Beach/Shoreline in November, 42% below October and 28% lower than November 2023. November single-family home sales decreased by 38% month-over-month, to 25, and were 19% above November 2023. The months of inventory for single-family home in Richmond Beach/Shoreline, at 0.7, reflected a sellers' market. The single-family home median price in November was $883,000, a 5% increase from October and 3% above November 2023. The average sold price was $917,415, 15% below last month and down 2% to November 2023.
PREVIOUS YEAR
No.
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
25 18
21 25
-2% 3% -40% 19% -28%
40 31
-15% 5% -7% -38% -42%
$917,415 $883,000 0.7
$1,077,832 $844,000 0.8
$938,663 $860,000 1.2
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
45
46
48
47
40
40
38
36
40
31
34
33
25
25
30
28
22
27
25
21
17
16
29
18
17
16
15
13
13
$950K
$950K
$938K
$936K
$905K
$890K
$881K
$883K
$875K
$860K
$858K
$844K
$788K
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
2.0
15
1.0
10
0.6
0.5
5
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
MOI INVENTORY SALES
17 10 0.6
5 5 1.0
2 1 0.5
1 2 2.0
Information and statistics derived from Northwest Multiple Listing Service. Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of December 9, 2024. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 45 ●
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