the rennie review - April 2021

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

SL 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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