fraser valley board area TOWNHOME - AUGUST 2 0 2 4
SALES TO LISTINGS RATIO 19% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 0.9% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.0% VS 2023
▲ 0.6% VS 2023
▲ 61% VS 2023
▼ 18% VS 2023
There were 1,384 townhome listings in the Fraser Valley board area in August, 0.2% below July and 61% higher than August 2023. August townhome sales decreased by 26% month-over-month, to 261, and were 18% below August 2023. The sales-to-listing ratio for townhomes in the Fraser Valley board area, at 19%, reflected a balanced market. The townhome median price in August was $829,900, a 0.3% decrease from July and 0.6% above August 2023. The average sold price was $836,702, 2% below last month; the average PSF sale price was $532, down 1.6% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 317 859
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$532 $836,702 $829,900 19% 261 1,384
-0.9% 0% 0.6% -49% -18% 61%
$541 $855,426 $832,500 26% 355 1,387
-1.6% -2% -0.3% -26% -26% -0.2%
$537 $836,476 $825,000 37%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● AUG 2023 ● AUG 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,384
1,242
1,387
1,313
1,068
930
911
881
823
859
879
711
680
402
384
355
278
317
214
369
342
261
280
232
220
185
$866K
$852K
$855K
$842K
$850K
$832K
$830K
$830K
$833K
$830K
$825K
$824K
$823K
FVREB
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
700
58
600
4+ bdrms
423
500
135
400
3 bdrms
688
300
32%
30%
66
200
23%
2 bdrms
17%
13% 13%
261
100
0
2
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
12
S-L RATIO SALES INVENTORY
65 21 32%
395 90 23%
648 113 17%
198 26 13%
64 8 13%
10 3 30%
3 0 n/a
1 0 n/a
Copyright © 2024 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 September 9, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 12 ●
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