richmond TOWNHOME - DECEMBER 2 0 2 3
SALES TO LISTINGS RATIO 16% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 0.7% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 4% VS 2022
▲ 0.5% VS 2022
▲ 11% VS 2022
▼ 31% VS 2022
There were 156 townhome listings in Richmond in December, 15% below November and 11% higher than December 2022. December townhome sales remained the same month-over-month, at 25, and were 31% below December 2022. The sales-to-listing ratio for townhomes in Richmond, at 16%, reflected a balanced market. The townhome median price in December was $1,100,000, a 0.9% increase from November and 0.5% above December 2022. The average sold price was $1,160,328, 0.3% above last month; the average PSF sale price was $752, down 4% to last month.
THIS MONTH No. $752 $1,160,328 $1,100,000 16% 25 156
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$758 $1,113,228 $1,094,950 26% 36 140
-0.7% 4% 0.5% -38% -31% 11%
$781 $1,156,584 $1,090,000 14% 25 184
-4% 0.3% 0.9% 18% 0% -15%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2022 ● DEC 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
182
190
166
187
184
177
167
161
160
157
156
140
148
82
72
68
60
71
46
70
43
49
36
25
25
16
$1.22M $1.17M
$1.10M $1.15M $1.07M $1.17M
$1.13M $1.10M
$1.09M
$1.04M $1.09M $1.10M
$979K
RICHMOND
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
5
50
4+ bdrms
36
40
19
3 bdrms
30
94
33%
20
1
23%
2 bdrms
17% 15%
26
10
10%
0
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
S-L RATIO SALES INVENTORY
4 0 n/a
3 1 33%
31 7 23%
54 9 17%
41 6 15%
21 2 10%
2 0 n/a
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 January 10, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. 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. 39 ●
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