richmond beach/shoreline SINGLE-FAMILY HOME - JUNE 2 0 2 4
MONTHS OF INVENTORY 1.3 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 7% VS 2023
▲ 29% VS 2023
▼ 4% VS 2023
▼ 3% VS 2023
There were 40 single-family home listings in Richmond Beach/Shoreline in June, 11% above May and 29% higher than June 2023. June single-family home sales decreased by 26% month-over-month, to 32, and were 3% below June 2023. The months of inventory for single-family home in Richmond Beach/Shoreline, at 1.3, re(ected a sellers' market. The single-family home median price in June was $832,500, a 14% decrease from May and 4% below June 2023. The average sold price was $1,089,794, 11% below last month and up 7% to June 2023.
PREVIOUS YEAR
No.
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
32 40
33 31
7% -4% 33% -3% 29%
43 36
-11% -14% 49% -26% 11%
$1,089,794 $832,500 1.3
$1,222,720 $965,000 0.8
$1,013,821 $870,000 0.9
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
43
43 36
36
35
38
40
37
35
33
31
32
25
25
27
22
22
27
26
26
21
15
19
17
17
14
14
13
11
$965K
$950K
$950K
$881K
$888K
$870K
$876K
$865K
$860K
$850K
$840K
$833K
$788K
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
25
3.0
20
2.3
15
1.2
1.0
10
0.5
5
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
MOI INVENTORY SALES
20 23 1.2
4 9 2.3
3 3 1.0
4 2 0.5
1 3 3.0
Information and statistics derived from Northwest Multiple Listing Service. Copyright © July 8, 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. 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. 45 ●
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