richmond
TOWNHOME NOVEMBER
AVERAGE PRICE
AVERAGE PSF PRICE 7 % UP
BENCHMARK PRICE 8 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
SELLER’S 34 %
29 % DOWN
6 % UP
29 % UP
The number of townhome listings in Richmond decreased to 261 in November, 14% below the pre- vious month and a 29% decrease vs November 2019. The 88 townhome sales in November were 3% below October but 29% higher year-over-year. The townhome sales-to-listings ratio increased to 34%, as Richmond’s townhome market remained in seller’s market territory. The benchmark price for townhomes in November was $821,500, 0.5% above October and 8% higher than in November 2019. The average sold price was $877,314 (3% above October) with an average PSF sales price of $595 (4% above October).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 303
% Change
No. 369
% Change
TOTAL LISTINGS
261
-14% -3% 12%
-29% 29% 83%
TOTAL SALES
88
91
68
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
34%
30%
18%
$821,500 $817,600 $877,314 $850,609
0.5% $761,900 3% $828,079
8% 6% 7%
$595
$574
4%
$554
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$801,700 $805,400 $821,500
$761,900 $771,000 $789,900 $793,500
369
320
309
306
288
286
261
97
94
88
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
27
4+ bdrms
BUYER'S MARKET
61
53
3 bdrms
161
8
<3 bdrms
. . . . 0 0 0 0 QD QD
39
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 December 3, 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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