richmond TOWNHOME-JULY 2021
SALESTO LISTINGSRATIO 47% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 11% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 8% VS2020
▲ 9% VS2020
▼ 32% VS2020
▼ 1.0% VS2020
Therewere205townhomelistingsinRichmondinJuly, 6%belowJuneand32%lowerthanJuly2020. Julytownhomesalesdecreasedby16% month-over-month,to97,andwere1.0%belowJuly 2020. Thesales-to-listingratiofortownhomesinRichmond,at 47%,reflectedaseler'smarket. ThetownhomemedianpriceinJulywas$938,000,a 0.4%decreasefromJuneand9%aboveJuly2020. Theaveragesoldpricewas$949,395,0.5%abovelast month;theaveragePSFsalepricewas$657,up0.9%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 53% 115 217
%Change
TOTALLISTINGS TOTALSALES
$657 $949,395 $938,000 47% 97 205
$592 $875,362 $857,000 33% 98 301
11% 8% 9% 45% -1% -32%
0.9% 0.5% -0.4% -11% -16% -6%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$652 $944,500 $941,500
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2020 ● JUL 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
334
315
289
301
263
235
233
228
229
221
205
177
217
215
169
15
94
88
98
78
17
97
13
93
91
59
$970K
$950K
$942K
$938K
$918K
$902K
$880K
$864K
$857K
$859K
$851K
$858K
$850K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
80
70
21
4+bdrms
45
60
50
69%
61
3bdrms
40
124
50% 49%
30
33%
15
20
2bdrms
19%
14%
36
10
0
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
6 2 33%
44 22 50%
73 36 49%
45 31 69%
27 5 19%
7 1 14%
3 0 n/a
Copyright©August9,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofAugust9,2021.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 30 ●
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