richmond TOWNHOME-OCTOBER 2 0 2 3
SALES TO LISTINGSRATIO 23% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere186 townhom elistingsin Richm ond in O ctober,1.6% below Septem berand 19% lowerthan October2022. O ctobertownhom esalesdecreased by12% m onth-over-m onth,to 43,and were22% below O ctober 2022. Thesales-to-listing ratio fortownhom esin Richm ond,at 23% ,reflected aselers'm arket. Thetownhom em edian pricein Octoberwas$1,037,000, a6% decreasefrom Septem berand 10% below O ctober 2022. Theaveragesold pricewas$1,075,158,5% below last m onth;theaveragePSF salepricewas$752,down 3% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 5% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 6% VS 2022
▼ 10% VS 2022
▼ 19% VS 2022
▼ 22% VS 2022
THISMONTH No. $752 $1,075,158 $1,037,000 23% 43 186
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
$713 $1,138,446 $1,150,000 24% 55 231
5% -6% -10% -3% -22% -19%
$776 $1,136,031 $1,099,000 26% 49 189
-11% -12% -1.6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
-3% -5% -6%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● OCT 2022 ● OCT 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
231
192
189
182
186
166
177
167
161
160
157
148
140
82
72
68
60
48
70
71
55
36
43
49
46
16
$1.22M
$1.10M $1.15M $1.07M $1.17M
$1.17M $1.13M
$1.15M
$1.10M $1.04M
$1.05M $1.09M
$979K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
70
6
60
4+ bdrms
44
50
27
40
3 bdrms
121
50%
47%
30
10
25%
20
21%
2 bdrms
16%
21
8%
10
0
<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 1 25%
8 4 50%
30 14 47%
67 14 21%
49 8 16%
26 2 8%
2 0 n/a
Copyright© 2023ren iegroupofcom panies.Alrightsreserved.Thism aterialm aynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenperm is ionoftherenniegroupofcom panies.CurentasofNovem ber3,2023.Aldatafrom RealEstateBoardofGreaterVancouverand FraserValey& Rennie.W hiletheinform ationanddatacontainedhereinhasbe nobtainedfrom sourcesde m edreliable,ac uracycannotbeguarante d.renniegroupofcom paniesdoesnotas um eresponsibiltyorliabiltyforanyinac uracies.Therecipientoftheinform ationshouldtakestepsas therecipientm ayde m neces arytoverifytheinform ationpriortoplacinganyrelianceupontheinform ation.Theinform ationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfrom arennieandas ociatesadvisor.Alinform ationis subjecttochangeandanypropertym aybewithdrawnfrom them arketatanytim ewithoutnoticeorobligationtotherecipientfrom ren iegroupofcom panies.E.&O.E. 39 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online