richmond
TOWNHOME JULY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
SELLER’S 33 %
40 % DOWN
13 % UP
12 % UP
49 % UP
The number of townhome listings in Richmond decreased to 297 in July, 6% below the previous month and a 40% decrease vs July 2019. The 97 townhome sales in July were 56% above June and 49% higher year-over-year. The townhome sales-to-listings ratio increased to 33%, as Richmond’s townhome market transitioned to seller’s market territory. The benchmark price for townhomes in July was $801,700, 1.3% above June and 5% higher than in July 2019. The average sold price was $871,813 (3% above June) with an average PSF sales price of $591 (1.8% below June).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 316
% Change
No. 493
% Change
TOTAL LISTINGS
297
-6% 56% 66%
-40% 49% 148%
TOTAL SALES
97
62
65
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
33%
20%
13%
$801,700 $791,100 $871,813 $845,582
1.3% $766,400 3% $774,128 -1.8% $530
5%
13% 12%
$591
$602
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$766,400 $770,100 $761,900 $771,000 $789,900 $793,500 $801,700
493
445
369
309
297
288
286
97
74
68
68
65
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
28
4+ bdrms
BUYER'S MARKET
71
55
3 bdrms
183
14
<3 bdrms
. . . . 0 0 0 0 QD QD QD
43
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 August 7, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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