richmond TOWNHOME-MAY 2021
SALESTO LISTINGSRATIO 50% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 9% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 15% VS2020
▲ 16% VS2020
▼ 17% VS2020
▲ 149% VS2020
Therewere234townhomelistingsinRichmondinMay, 3%aboveApriland17%lowerthanMay2020. Maytownhomesalesdecreasedby31% month-over-month,to117,andwere149%aboveMay 2020. Thesales-to-listingratiofortownhomesinRichmond,at 50%,reflectedaseler'smarket. ThetownhomemedianpriceinMaywas$950,000,a2% decreasefromApriland16%aboveMay2020. Theaveragesoldpricewas$939,308,4%belowlast month;theaveragePSFsalepricewas$634,down4%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 74% 169 228
%Change
TOTALLISTINGS TOTALSALES
50% 117 234
$580 $815,618 $816,000 17% 47 282
200% 149% -17%
-33% -31% 3%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$634 $939,308 $950,000
$663 $978,730 $969,900
-4% -4% -2%
9% 15% 16%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2020 ● MAY 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
320
334
315
289
263
282
301
233
228 221
228
234
177
215
169
98
94
88
78
17
13
93
91
47
62
59
$970K
$950K
$918K
$902K
$880K
$864K
$857K
$859K
$851K
$858K
$849K
$850K
$816K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
80
27
4+bdrms
57
60
73%
69
63%
3bdrms
51%
136
40
44%
21
20
2bdrms
16% 14%
40
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
2 0 n/a
9 4 44%
41 30 73%
82 42 51%
54 34 63%
37 6 16%
7 1 14%
2 0 n/a
1
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