South Arm, Richmond Townhouse Market Report – December 2021

In December 2021, the South Arm, Richmond townhouse real estate market is classified as a Seller's Market with an absorption rate of 30.8%. It is currently a seller's market in South Arm, Richmond. While demand is elevated, qualified buyers can still find opportunities. Always consult a licensed REALTOR® to assess your specific situation.

4 townhouse properties sold in South Arm, Richmond during December 2021 based on MLS® records. There were 13 active listings at the start of the month.

The average townhouse sold price in South Arm, Richmond in December 2021 was $1,259,500. Sold prices ranged from $1,149,000 to $1,460,000. Data is sourced from MLS® board records.

In December 2021, townhouse properties in South Arm, Richmond averaged 82 days on the market before selling. With an absorption rate of 30.8%, the market is currently a Seller's Market. A lower average days-on-market indicates stronger demand.

The average townhouse sold price in South Arm, Richmond in December 2021 was $1,259,500, up 99.9% year-over-year compared to December 2020 ($630,000). Sales volume was up 300% compared to the same month last year. Data is sourced from MLS® sold records.