richmond
TOWNHOME MARCH
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 9 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
165 % UP
SELLER’S 81 %
28 % DOWN
9 % UP
13 % UP
The number of townhome listings in Richmond decreased to 221 in March, 5% below the previous month and a 28% decrease vs March 2020. The 180 townhome sales in March were 64% above February and 165% higher year-over-year. The townhome sales-to-listings ratio increased to 81%, as Richmond’s townhome market remained in seller’s market territory. The benchmark price for townhomes in March was $864,800, 1.8% above February and 9% higher than in March 2020. The average sold price was $908,540 (2% below February) with an average PSF sales price of $643 (1.9% above February).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 233 110 47%
% Change
No. 309
% Change
TOTAL LISTINGS
221 180 81%
-5% 64% 73%
-28% 165% 270%
TOTAL SALES
68
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
22%
$864,800 $849,900 $908,540 $927,894
1.8% $789,900 -2% $837,211
9% 9%
$643
$631
1.9%
$569
13%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$864,800
$789,900 $793,500 $801,700 $805,400 $821,500 $823,700
320
309
306
291
286
236
221
97
94
88
68
180
60
45
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
35
BALANCED
4+ bdrms
BUYER'S MARKET
58
121
3 bdrms
127
24
<3 bdrms
. . . . 0 0 0 0 QD QD QD
36
S-L RATIO SALES INVENTORY
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 April 6, 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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