richmond TOWNHOME-JULY 202
SALES TO LISTINGSRATIO 20% BALANCEDMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 8% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 8% VS 2021
▲ 7% VS 2021
▲ 11% VS 2021
▼ 54% VS 2021
Therewere230 townhom elistingsin Richm ond in July, 0.4% below Juneand 11% higherthan July2021. Julytownhom esalesdecreased by48% m onth-over-m onth,to45,and were54% below July 2021. Thesales-to-listing ratio fortownhom esin Richm ond,at 20% ,reflected abalanced m arket. Thetownhom em edian pricein Julywas$999,999,a10% decreasefrom Juneand 7% aboveJuly2021. Theaveragesold pricewas$1,028,079,5% below last m onth;theaveragePSF salepricewas$709,down 2% to lastm onth.
THISMONTH No. $709 $1,028,079 $999,999 20% 45 230
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$657 $949,395 $938,000 47% 97 208
-58% -54% 11%
$725 $1,086,876 $1,110,000 38% 87 231
-10% -48% -48% -0.4%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
8% 8% 7%
-2% -5%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JUL 2021 ● JUL 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
249
230
231
208
196
162
161
179
140
15
14
103
93
19
87
14
97
80
78
103
93
73
71
64
56
45
$1.23M $1.17M
$1.13M $1.15M
$1.06M $1.11M
$1.05M $1.06M
$1.03M
$1000K
$948K
$938K $945K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
70
11
60
4+ bdrms
76
50
28
40
57%
3 bdrms
126
30
33%
20
5
22%
2 bdrms
20%
25
14%
10
0
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
5 1 20%
7 4 57%
55 18 33%
65 14 22%
59 8 14%
38 0 n/a
1 0 n/a
3
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