fraser valley board area TOWNHOME - JANUARY 2 0 2 4
SALES TO LISTINGS RATIO 33% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 10% VS 2023
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 11% VS 2023
▲ 13% VS 2023
▲ 4% VS 2023
▲ 37% VS 2023
There were 711 townhome listings in the Fraser Valley board area in January, 5% above December and 4% higher than January 2023. January townhome sales increased by 25% month-over-month, to 232, and were 37% above January 2023. The sales-to-listing ratio for townhomes in the Fraser Valley board area, at 33%, reflected a sellers' market. The townhome median price in January was $841,500, a 2% increase from December and 13% above January 2023. The average sold price was $838,144, 3% above last month; the average PSF sale price was $530, up 0.7% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 169 684
% Change
No. 185 680
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
232 711
10% 11% 13% 32% 37% 4%
0.7% 3% 2% 20% 25% 5%
$530 $838,144 $841,500 33%
$480 $756,845 $745,000 25%
$526 $816,835 $823,000 27%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JAN 2023 ● JAN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
881
852
930
797
911
859
810
684
711
684
679
680
661
477
445
389
278
388
376
214
318
232
242
169
220
185
$850K
$851K
$849K
$839K
$842K
$832K
$830K
$825K
$824K
$823K
$808K
$770K
$745K
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
350
54
300
4+ bdrms
229
250
114
200
3 bdrms
52%
347
150
37%
36%
34%
61
26%
100
2 bdrms
131
13%
50
0
3
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
4
S-L RATIO SALES INVENTORY
14 5 36%
31 16 52%
180 67 37%
323 109 34%
117 30 26%
38 5 13%
8 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 February 7, 2024. 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. 12 ●
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