richmond TOWNHOME-JULY 2023
SALES TO LISTINGSRATIO 41% SELLERS'M ARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 9% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 12% VS 2022
▲ 17% VS 2022
▼ 27% VS 2022
▲ 51% VS 2022
Therewere167 townhom elistingsin Richm ond in July, 0.6% aboveJuneand 27% lowerthan July2022. Julytownhom esalesdecreased by4% m onth-over-m onth,to68,and were51% aboveJuly 2022. Thesales-to-listing ratio fortownhom esin Richm ond,at 41% ,reflected aselers'm arket. Thetownhom em edian pricein Julywas$1,170,250,a 4% decreasefrom Juneand 17% aboveJuly2022. Theaveragesold pricewas$1,154,545,7% below last m onth;theaveragePSF salepricewas$772,down 5% to lastm onth.
THISMONTH No. $772 $1,154,545 $1,170,250 41% 68 167
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$709 $1,028,079 $999,999 20% 45 229
9% 12% 17% 107% 51% -27%
$811 $1,245,432 $1,218,000 43% 71 166
-5% -7% -4% -5% -4% 0.6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 202 ● JUL 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
231
229
192
220
217
182
166
167
161
160
157
148
140
82
72
55
68
48
47
70
71
36
45
46
39
16
$1.22M $1.17M
$1.10M $1.15M $1.07M $1.17M
$1.07M $1.15M
$1.05M $1.09M
$1000K $989K
$979K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
60
17
4+ bdrms
50
41
40
42
60%
3 bdrms
96
30
50%
50%
39% 37% 39%
20
7
2 bdrms
28
10
0
2 2
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
S-L RATIO SALES INVENTORY
6 3 50%
5 3 60%
28 14 50%
57 22 39%
51 19 37%
18 7 39%
2 0 n/a
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