the rennie review - September 2022

richmond TOWNHOME-AUGUST 202

SALES TO LISTINGSRATIO 21% SELLERS'M ARKET

▶ MARKETSUMMARY

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 14% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 10% VS 2021

▲ 5% VS 2021

▲ 23% VS 2021

▼ 54% VS 2021

Therewere221 townhom elistingsin Richm ond in August,4% below Julyand 23% higherthan August2021. Augusttownhom esalesincreased by4% m onth-over-m onth,to47,and were54% below August 2021. Thesales-to-listing ratio fortownhom esin Richm ond,at 21% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$989,000,a 1.1% decreasefrom Julyand 5% aboveAugust2021. Theaveragesold pricewas$1,042,344,1.4% abovelast m onth;theaveragePSF salepricewas$731,up 3% to lastm onth.

THISMONTH No. $731 $1,042,344 $989,000 21% 47 221

PREVIOUSYEAR

PREVIOUSMONTH

No. 58% 103 179

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

14% 10% 5% -63% -54% 23%

$709 $1,028,079 $999,999 20% 45 230

9% 4% -4%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

3% 1.4% -1.1%

$643 $945,388 $945,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● AUG 2021 ● AUG 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

249

230

221

231

196

179

162

161

140

15

13

93

103

19

87

14

80

78

103

93

73

71

64

47

56

45

$1.23M $1.17M

$1.13M $1.15M

$1.06M $1.11M

$1.05M $1.06M

$1.03M

$1000K $989K

$945K

$948K

RICHMOND

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

70

12

60

4+ bdrms

73

50

26

40

3 bdrms

123

30

40% 40% 40%

20

9

2 bdrms

17% 15%

21

10

9%

0

<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +

<2 bdrms

S-L RATIO SALES INVENTORY

5 2 40%

10 4 40%

45 18 40%

66 11 17%

60 9 15%

34 3 9%

1 0 n/a

4

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