fraser valley board area
DETACHED JANUARY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 15 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
33 % DOWN
28 % UP
-
87 % UP
SELLER’S 45 %
The number of January detached listings in the Fraser Valley board area was 2% higher vs December (at 1,670) but 33% below January 2020. Detached sales decreased 23% from December, to 748, but were up 87% vs January 2020. The sales-to-listings ratio decreased to 45%, as the board area’s condo market remained in seller’s market territory. The benchmark price in January was $1.11M, up 3% vs December and 15% higher year-over-year. The average sold price in January was $1.38M, 9% higher month-over-month and 28% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,670
1,635
2%
2,491
-33% 87% 180%
TOTAL SALES
748 45%
977 60%
-23% -25%
399 16%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$1,106,500 $1,079,500 $1,383,109 $1,267,571
3% $960,800 9% $1,077,806
15% 28%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$1,106,500
$1,032,700 $1,061,500
$960,800 $987,800 $990,400 $1,008,000
1.91
1.87
1.77
3,294
3,280
1.32
1.31
2,984
1.29
2,817
2,572
2,491
1,670
1,055
1,027
993
748
637
399
347
Jan-20
Dec-20
Jan-21
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
. . . 0 0 0 0 0 S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
Copyright © 2021 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of February 3, 2021. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E.
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