the rennie review - April 2020

richmond

TOWNHOME  MARCH 

AVERAGE PRICE

AVERAGE PSF PRICE

BENCHMARK PRICE 1.2 % UP

TOTAL LISTINGS

SALES

SALES TO LISTING RATIO

MARKET SUMMARY ›

SELLER’S 23 %

25 % DOWN

1.3 % DOWN

0.2 % DOWN

152 % UP

The number of townhome listings in Richmond increased to 294 in March, 0.7% above the previous month but a 25% decrease vs March 2019. The 68 townhome sales in March were 10 above February and 41 higher year-over-year. The townhome sales-to-listings ratio increased to 23%, as Richmond’s townhome market transitioned to seller’s market territory. The benchmark price for townhomes in March was $795,000, 1.4% above February and 1.2% higher than in March 2019. The average sold price was $837,373 (6% below February) with an average PSF sales price of $569 (1.4% below February).

VS 

VS 

VS 

VS 

VS 

PREVIOUS MONTH

PREVIOUS YEAR

THIS MONTH No.

No. 292

% Change

No. 392

% Change

TOTAL LISTINGS

294

0.7% 17% 16%

-25% 152% 236% 1.2% -1.3% -0.2%

TOTAL SALES

68

58

27 7%

SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

23%

20%

$795,000 $784,000 $837,373 $892,138

1.4% $785,600 -6% $848,278 -1.4% $570

$569

$577

AVG PRICE PER SQUARE FOOT ›

HISTORICAL TREND

SALES

TOTAL INVENTORY

BENCHMARK PRICE

$785,600 $776,700 $770,900 $767,300 $766,400 $775,500 $795,000

493

466

445

392

369

294

288

74

68

68

65

61

54

27

RICHMOND

REBGV

TOTAL LISTINGS & SALES BY PRICE RANGE

NUMBER OF BEDROOMS

SALES

TOTAL INVENTORY

SL RATIO

SALES TOTAL INVENTORY



SELLER'S MARKET

  



BALANCED



20



4+ bdrms

BUYER'S MARKET

83





41



3 bdrms

 

177









7



<3 bdrms

. . . . 0 0 0 0      QD QD QD                

34

S-L RATIO SALES INVENTORY

Copyright © 2020 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 April 3, 2020. 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.

27

Made with FlippingBook - professional solution for displaying marketing and sales documents online