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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