richmond beach/shoreline SINGLE-FAMILY HOME - MAY 2 0 2 4
▶ MARKET SUMMARY There were 36 single-family home listings in Richmond Beach/Shoreline in May, 112% above April and 29% higher than May 2023. May single-family home sales increased by 65% month-over-month, to 43, and were 59% above May 2023. The months of inventory for single-family home in Richmond Beach/Shoreline, at 0.8, reflected a sellers' market. The single-family home median price in May was $965,000, a 9% increase from April and 8% above May 2023.
MONTHS OF INVENTORY 0.8
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▼ 1.7%
▲ 8%
▲ 29%
▲ 59%
SELLERS' MARKET
VS 2023
VS 2023
VS 2023
VS 2023
PREVIOUS YEAR
No.
No.
% Change
No.
% Change
43 36
27 28
59% 29%
26 17
1.4% 9% 28% 65% 112%
TOTAL INVENTORY
TOTAL SALES
$1,206,352 $888,000 0.7
$1,222,720 $965,000 0.8
$1,243,905 $895,000 1.0
-1.7% 8% -19%
MONTHS OF INVENTORY
The average sold price was $1,222,720, 1.4% above last month and down 1.7% to May 2023.
MEDIAN SOLD PRICE
AVERAGE SOLD PRICE
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
33
43
43
38
37
36
35
33
27
27
31
28
25
25
22
22
27
27
26
26
21
15
19
17
17
14
14
13
11
$965K
$950K
$950K
$895K
$881K
$888K
$870K
$876K
$865K
$860K
$850K
$840K
$788K
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
25
1.2
1.0
20
0.9
0.5
15
0.4
10
5
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
23 20 0.9
8 3 0.4
5 6 1.2
3 3 1.0
2 1 0.5
1 0 n/a
0 2 n/a
0 1 n/a
1 0 n/a
MOI INVENTORY SALES
Information and statistics derived from Northwest Multiple Listing Service. Copyright © June 10, 2024 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 June 10, 2024. 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. 45 ●
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