Mclennan North, Richmond Townhouse Market Report – February 2022

In February 2022, the Mclennan North, Richmond townhouse real estate market is classified as a Balanced Market with an absorption rate of 13.7%. The market in Mclennan North, Richmond is currently balanced. Both buyers and sellers have reasonable negotiating positions. Always consult a licensed REALTOR® to assess your specific situation.

18 townhouse properties sold in Mclennan North, Richmond during February 2022 based on MLS® records. There were 131 active listings at the start of the month. A total of 29 new listings came to market during the month.

The average townhouse sold price in Mclennan North, Richmond in February 2022 was $1,243,766. Sold prices ranged from $545,800 to $1,530,000. Data is sourced from MLS® board records.

In February 2022, townhouse properties in Mclennan North, Richmond averaged 7 days on the market before selling. With an absorption rate of 13.7%, the market is currently a Balanced Market. A lower average days-on-market indicates stronger demand.

The average townhouse sold price in Mclennan North, Richmond in February 2022 was $1,243,766, up 24.4% year-over-year compared to February 2021 ($1,000,054). Sales volume was down 25% compared to the same month last year. Data is sourced from MLS® sold records.