South Arm, Richmond Townhouse Market Report – March 2022

In March 2022, the South Arm, Richmond townhouse real estate market is classified as a Strong Seller's Market with an absorption rate of 30%. It is currently a strong seller's market in South Arm, Richmond, meaning high demand and low supply. Buyers face competition and should be prepared to act quickly. Always consult a licensed REALTOR® to assess your specific situation.

3 townhouse properties sold in South Arm, Richmond during March 2022 based on MLS® records. There were 10 active listings at the start of the month. A total of 7 new listings came to market during the month.

The average townhouse sold price in South Arm, Richmond in March 2022 was $1,505,667. Sold prices ranged from $1,399,000 to $1,699,000. Data is sourced from MLS® board records.

In March 2022, townhouse properties in South Arm, Richmond averaged 21 days on the market before selling. With an absorption rate of 30%, the market is currently a Strong Seller's Market. A lower average days-on-market indicates stronger demand.

The average townhouse sold price in South Arm, Richmond in March 2022 was $1,505,667, up 104.7% year-over-year compared to March 2021 ($735,500). Sales volume was up 50% compared to the same month last year. Data is sourced from MLS® sold records.