fraser valley board area
CONDO JANUARY
AVERAGE PRICE
AVERAGE PSF PRICE 7 % UP
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
10 % UP
17 % UP
51 % UP
SELLER’S 29 %
There were 1,301 condo listings in the Fraser Valley board area in January, 5% above last month and 17% higher vs January of last year. At 371, condo sales were 19% lower month-over- month but 51% above January 2020. Decreasing to 29%, the board area’s condo sales-to- listings ratio reflected seller’s market conditions. The condo benchmark price in January was $439,800, 0.3% above December and 4% higher vs January 2020. The average sold price was $429,957 (1.9% above December), while the average PSF sales price was $490 (1.0% above December).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,301
1,235
5%
1,108
17% 51% 28%
TOTAL SALES
371 29%
457 37%
-19% -23%
246 22%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$439,800 $438,300 $429,957 $422,033
0.3% $421,300 1.9% $391,255
4%
10%
$490
$485
1.0%
$460
7%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$421,300 $436,900 $433,700 $437,300 $436,900 $435,900 $439,800
1,935
1,841
1,715
1,549
1,301
1,426
1,108
481
430
429
371
331
246
191
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
12
3+ bdrms
BUYER'S MARKET
131
266
2 bdrms
850
93
<2 bdrms
. . . . 0 0 0 0 QD
320
S-L RATIO SALES INVENTORY
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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