richmond TOWNHOME-APRIL 2021
SALESTO LISTINGSRATIO 74% SELLER'SMARKET
▶ MARKETSUMMARY
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 13% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 18% VS2020
▲ 18% VS2020
▼ 17% VS2020
▲ 345% VS2020
Therewere228townhomelistingsinRichmondinApril, 3%aboveMarchand17%lowerthanApril2020. Apriltownhomesalesdecreasedby5% month-over-month,to169,andwere345%aboveApril 2020. Thesales-to-listingratiofortownhomesinRichmond,at 74%,reflectedaseler'smarket. ThetownhomemedianpriceinAprilwas$969,900,a6% increasefromMarchand18%aboveApril2020. Theaveragesoldpricewas$978,730,7%abovelast month;theaveragePSFsalepricewas$663,up3%to lastmonth.
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 80% 177 221
%Change
TOTALLISTINGS TOTALSALES
74% 169 228
$584 $829,216 $818,572 14% 38 276
438% 345% -17%
-7% -5% 3%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$663 $978,730 $969,900
$644 $915,541 $918,000
3% 7% 6%
13% 18% 18%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 2020 ● APR 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
320
334
315
289
263
301
276
282
233
228
221
228
177
215
169
98
94
88
78
13
93
91
62
38
59
47
$970K
$918K
$902K
$880K
$864K
$857K
$859K
$851K
$858K
$849K
$850K
$819K
$816K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELER'SMARKET 21%+
BALANCED 12-20%
BUYER'SMARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
80
51
94% 91%
4+bdrms
53
79%
60
95
3bdrms
56%
131
50%
40
27%
22
20
2bdrms
44
0
1
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
11 3 27%
57 32 56%
82 65 79%
49 46 94%
23 21 91%
4 2 50%
2 0 n/a
Copyright©May1,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMay1,2021.AldatafromRealEstateBoardofGreaterVancouverand FraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakestepsas therecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 30 ●
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