richmond TOWNHOME-FEBRUARY 2023
SALES TO LISTINGSRATIO 30% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere155 townhom elistingsin Richm ond in February,5% aboveJanuaryand 30% higherthan February2022. Februarytownhom esalesincreased by188% m onth-over-m onth,to46,and were37% below February 2022. Thesales-to-listing ratio fortownhom esin Richm ond,at 30% ,reflected aselers'm arket. Thetownhom em edian pricein Februarywas $1,166,250,a19% increasefrom Januaryand 1.4% above February2022. Theaveragesold pricewas$1,150,354,12% abovelast m onth;theaveragePSF salepricewas$774,up 8% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 1.0% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 0.2% VS 2022
▲ 1.4% VS 2022
▲ 30% VS 2022
▼ 37% VS 2022
THISMONTH No. $774 $1,150,354 $1,166,250 30% 46 155
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$782 $1,153,050 $1,150,000 61% 73 119
-1% -0.2% 1.4% -52% -37% 30%
$714 $1,023,713 $979,000 11% 16 148
175% 188% 5%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
8% 12% 19%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 202 ● FEB 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
248
231
229
230
192
220
217
195
160
148
155
15
140
93
19
87
55
48
47
73
36
64
46
45
39
16
$1.17M
$1.15M $1.23M $1.17M
$1.15M
$1.06M $1.11M
$1.05M $1.09M
$1000K $989K $1.07M
$979K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
50
13
4+ bdrms
42
40
30
30
3 bdrms
93
50%
48%
20
31% 32%
2
2 bdrms
18% 20%
10
19
0
1 1
<$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
4 2 50%
13 4 31%
22 7 32%
40 19 48%
50 9 18%
25 5 20%
1 0 n/a
Copyright© March2,2023renniegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofMarch2,2023.Aldatafrom RealEstateBoardofGreaterVancouver andFraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.ren iegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakesteps astherecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 36 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online