Garden City, Richmond Townhouse Market Report – July 2022

In July 2022, the Garden City, Richmond townhouse real estate market is classified as a Balanced Market with an absorption rate of 14.3%. The market in Garden City, Richmond is currently balanced. Both buyers and sellers have reasonable negotiating positions. Always consult a licensed REALTOR® to assess your specific situation.

3 townhouse properties sold in Garden City, Richmond during July 2022 based on MLS® records. There were 21 active listings at the start of the month. A total of 4 new listings came to market during the month.

The average townhouse sold price in Garden City, Richmond in July 2022 was $1,095,667. Sold prices ranged from $995,000 to $1,222,000. Data is sourced from MLS® board records.

In July 2022, townhouse properties in Garden City, Richmond averaged 27 days on the market before selling. With an absorption rate of 14.3%, the market is currently a Balanced Market. A lower average days-on-market indicates stronger demand.

The average townhouse sold price in Garden City, Richmond in July 2022 was $1,095,667, up 0.9% year-over-year compared to July 2021 ($1,085,500). Sales volume was up 50% compared to the same month last year. Data is sourced from MLS® sold records.