richmond
TOWNHOME FEBRUARY
AVERAGE PRICE
AVERAGE PSF PRICE 9 % UP
BENCHMARK PRICE 9 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
SELLER’S 48 %
24 % DOWN
4 % UP
90 % UP
The number of townhome listings in Richmond decreased to 227 in February, 3% below the previous month and a 24% decrease vs February 2020. The 110 townhome sales in February were 83% above January and 90% higher year-over-year. The townhome sales-to-listings ratio increased to 48%, as Richmond’s townhome market remained in seller’s market territory. The benchmark price for townhomes in February was $849,900, 3% above January and 9% higher than in February 2020. The average sold price was $927,894 (3% above January) with an average PSF sales price of $631 (4% above January).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 234
% Change
No. 300
% Change
TOTAL LISTINGS
227 110 48%
-3% 83% 89%
-24% 90% 151%
TOTAL SALES
60
58
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
26%
19%
$849,900 $823,700 $927,894 $898,690
3% $780,700 3% $892,844
9% 4% 9%
$631
$607
4%
$578
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$849,900
$780,700 $794,400 $791,100 $806,900 $817,600 $817,000
329
322
315
300
278
227
214
110
92
91
78
62
58
38
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
. . . . 0 0 0 0 QD QD QD SELLER'S MARKET BALANCED BUYER'S MARKET S-L RATIO SALES INVENTORY
27
4+ bdrms
50
66
3 bdrms
136
17
<3 bdrms
41
Copyright © 2021 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 March 3, 2021. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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