richmond
TOWNHOME - JUNE 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
54 % UP
BALANCED 13 %
18 % DOWN
12 % DOWN
9 % DOWN
6 % DOWN
The number of townhome listings in Richmond rose to 477 in June, 3% above the previous month and a 54% increase vs June 2018. The 60 townhome sales in June were 6 above May but 4 below last year. The townhome sales-to-listings ratio increased to 13%, as Richmond’s townhome market remained in balanced market territory. The benchmark price for townhomes in June was $779,200, virtually unchanged from May and 9% lower than in June 2018. The average sold price was $746,926 (9% below May) with an average PSF sales price of $534 (unchanged from May).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 464
% Change
No. 310
% Change
TOTAL LISTINGS
477
3%
54% -6% -39% -18% -12% -9%
TOTAL SALES
60
54
11%
64
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
13%
12%
8%
21%
$779,200 $776,700 $746,926 $817,026
0.3% $856,800 -9% $910,739
$534
$534
0.0%
$606
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$856,800 $862,600 $851,400 $820,000 $795,900 $778,000 $779,200
477
456
347
342
329
310
274
64
60
56
45
42
28
27
RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
7
4+ bdrms
BUYER'S MARKET
125
43
3 bdrms
288
10
<3 bdrms
. . . . 0 0 0 0 QD QD QD
64
S-L RATIO SALES INVENTORY
CurrentasofJuly3,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The information setoutherein (the “Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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