richmond TOWNHOME - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 23% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 5% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 42% VS 2023
▼ 0.1% VS 2023
▼ 1.5% VS 2023
▼ 23% VS 2023
There were 236 townhome listings in Richmond in June, 9% above May and 42% higher than June 2023. June townhome sales decreased by 19% month-over-month, to 55, and were 23% below June 2023. The sales-to-listing ratio for townhomes in Richmond, at 23%, reflected a sellers' market. The townhome median price in June was $1,199,200, a 4% increase from May and 1.5% below June 2023. The average sold price was $1,244,684, 9% above last month; the average PSF sale price was $773, up 0.5% to last month.
THIS MONTH No. $773 $1,244,684 $1,199,200 23% 55 236
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$811 $1,245,432 $1,218,000 43% 71 166
-5% -0.1% -1.5% -46% -23% 42%
$769 $1,142,775 $1,156,500 31% 68 217
0.5% 9% 4% -26% -19% 9%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUN 2023 ● JUN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
236
217
192
190
184
187
166
177
167
156
146
145
140
68
68
60
71
56
43
55
60
57
49
35
25
25
$1.22M $1.17M
$1.19M $1.22M $1.20M $1.15M $1.16M $1.20M
$1.13M $1.10M
$1.04M $1.09M $1.10M
RICHMOND
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
80
17
70
4+ bdrms
64
60
50
35
3 bdrms
144
40
30
32%
25%
3
22%
20%
20
2 bdrms
27
9%
10
0
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
1
S-L RATIO SALES INVENTORY
1 0 n/a
11 1 9%
34 11 32%
77 17 22%
71 18 25%
41 8 20%
1 0 n/a
Copyright © 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 July 8, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 39 ●
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