Mclennan North, Richmond Townhouse Market Report – October 2021

In October 2021, the Mclennan North, Richmond townhouse real estate market is classified as a Buyer's Market with an absorption rate of 11.9%. Conditions may favour buyers — there is relatively more supply than demand, giving buyers more choice and negotiating room. Always consult a licensed REALTOR® to assess your specific situation.

15 townhouse properties sold in Mclennan North, Richmond during October 2021 based on MLS® records. There were 126 active listings at the start of the month. A total of 21 new listings came to market during the month.

The average townhouse sold price in Mclennan North, Richmond in October 2021 was $1,180,780. Sold prices ranged from $937,000 to $1,601,800. Data is sourced from MLS® board records.

In October 2021, townhouse properties in Mclennan North, Richmond averaged 46 days on the market before selling. With an absorption rate of 11.9%, the market is currently a Buyer's Market. A lower average days-on-market indicates stronger demand.

The average townhouse sold price in Mclennan North, Richmond in October 2021 was $1,180,780, up 28.2% year-over-year compared to October 2020 ($920,717). Sales volume was up 36.4% compared to the same month last year. Data is sourced from MLS® sold records.