Seller's Market · avg townhouse price $1,155,000 · 2 sold (30d) · 61 days on market
The Terra Nova, Richmond townhouse market continues to favour sellers, with more buyers than available townhomes. In the past 30 days, 2 townhouses sold across Terra Nova, Richmond at an average sold price of $1,155,000. Townhouses are selling in an average of 61 days on the market. The absorption rate is 28.6% — meaning 28.6% of active townhouse inventory sells each month. Average townhouse prices in Terra Nova, Richmond are up 3.5% compared to the 90-day average of $1,115,552. If you're looking to buy a townhouse in Terra Nova, Richmond, budget for competitive situations and be prepared to act quickly on well-priced townhomes.
12-month average townhouse sold price
Terra Nova is a Seller's Market for townhouses (absorption rate: 28.6%, 2 sold vs 7 active listings in the last 30 days).