richmond
TOWNHOME SEPTEMBER
AVERAGE PRICE
AVERAGE PSF PRICE 8 % UP
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
SELLER’S 30 %
31 % DOWN
9 % UP
27 % UP
The number of townhome listings in Richmond decreased to 309 in September, 5% below the previ- ous month and a 31% decrease vs September 2019. The 94 townhome sales in September were 2% above August and 27% higher year-over-year. The townhome sales-to-listings ratio increased to 30%, as Richmond’s townhome market remained in seller’s market territory. The benchmark price for townhomes in September was $805,400, 0.2% below August but 5% higher than in September 2019. The average sold price was $852,490 (1.4% below August) with an average PSF sales price of $588 (0.5% below August).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 324
% Change
No. 445
% Change
TOTAL LISTINGS
309
-5%
-31% 27% 83%
TOTAL SALES
94
92
2% 7%
74
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
30%
28%
17%
$805,400 $806,900 $852,490 $864,641
-0.2% $770,100 -1.4% $780,026 -0.5% $542
5% 9% 8%
$588
$591
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$770,100 $761,900 $771,000 $789,900 $793,500 $801,700 $805,400
445
369
309
309
306
288
286
97
94
74
68
68
61
45
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
20
4+ bdrms
BUYER'S MARKET
63
62
3 bdrms
197
12
<3 bdrms
. . . . 0 0 0 0 QD QD QD
49
S-L RATIO SALES INVENTORY
Copyright © 2020 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 October 5, 2020. 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.
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