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
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RICHMOND
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L 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.
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