richmond TOWNHOME - SEPTEMBER 2 0 2 3
SALES TO LISTINGS RATIO 26% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 9% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 10% VS 2022
▲ 3% VS 2022
▲ 28% VS 2022
▼ 13% VS 2022
There were 189 townhome listings in Richmond in September, 7% above August and 13% lower than September 2022. September townhome sales decreased by 17% month-over-month, to 50, and were 28% above September 2022. The sales-to-listing ratio for townhomes in Richmond, at 26%, reflected a sellers' market. The townhome median price in September was $1,109,500, a 1.8% decrease from August and 3% above September 2022. The average sold price was $1,136,310, 1.5% above last month; the average PSF sale price was $777, down 2.0% to last month.
THIS MONTH No. $777 $1,136,310 $1,109,500 26% 50 189
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$716 $1,035,003 $1,072,000 18% 39 217
9% 10% 3% 47% 28% -13%
$792 $1,119,329 $1,130,000 34% 60 177
-2% 1.5% -1.8% -22% -17% 7%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2022 ● SEP 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
231
217
192
182
189
166
177
167
161
160
157
148
140
82
72
68
60
55
48
46
70
71
36
50
39
16
$1.22M
$1.10M $1.15M $1.07M $1.17M
$1.17M $1.13M $1.11M
$1.07M $1.15M
$1.05M $1.09M
$979K
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
70
14
4+ bdrms
40
60
50
31
3 bdrms
40
116
48%
44%
30
26%
4
24%
20
2 bdrms
16%
33
10
0
1
<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
4 0 n/a
9 4 44%
27 13 48%
72 19 26%
51 8 16%
25 6 24%
1 0 n/a
Copyright © October 10, 2023 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 October 10, 2023. 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. 39 ●
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