richmond TOWNHOME-JANUARY 2023
SALES TO LISTINGSRATIO 11% BUYERS'M ARKET
▶ MARKETSUMMARY Therewere148 townhom elistingsin Richm ond in January,6% aboveD ecem berand 85% higherthan January2022. Januarytownhom esalesdecreased by56% m onth-over-m onth,to 16,and were71% below January 2022. Thesales-to-listing ratio fortownhom esin Richm ond,at 11% ,reflected abuyers'm arket. Thetownhom em edian pricein Januarywas$979,000,a 11% changefrom D ecem berand 13% below January 2022. Theaveragesold pricewas$1,023,713,8% below last m onth;theaveragePSF salepricewas$714,down 6% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 6% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 12% VS 2022
▼ 13% VS 2022
▲ 85% VS 2022
▼ 71% VS 2022
THISMONTH No. $714 $1,023,713 $979,000 11% 16 148
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
56 80
-6% -12% -13% -85% -71% 85%
$758 $1,113,228 $1,094,950 26% 36 140
-11% -58% -56% 6%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$760 $1,165,553 $1,130,844 70%
-6% -8%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● JAN 202 ● JAN 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
248
231
229
230
192
220
217
195
160
148
15
140
93
19
87
80 56
55
48
47
73
36
64
45
39
16
$1.23M $1.17M
$1.15M
$1.13M $1.15M
$1.06M $1.11M
$1.05M $1.09M
$1000K $989K $1.07M
$979K
RICHMOND
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
50
4+ bdrms
38
40
13
30
3 bdrms
94
50%
20
3
2 bdrms
10
14%
15
10%
4%
0
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
5 0 n/a
7 1 14%
16 8 50%
50 5 10%
45 2 4%
24 0 n/a
1 0 n/a
1
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