fraser valley board area DETACHED - JULY 2 0 2 4
SALES TO LISTINGS RATIO 11% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 35% VS 2023
▼ 1.6% VS 2023
▼ 1.7% VS 2023
▼ 3% VS 2023
There were 3,869 detached listings in the Fraser Valley board area in July, 5% above June and 35% higher than July 2023. July detached home sales decreased by 12% month-over-month, to 417, and were 3% below July 2023. The sales-to-listing ratio for detached in the Fraser Valley board area, at 11%, reflected a buyers' market.
THIS MONTH No. $1,610,389 $1,450,000 11% 417 3,869
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,636,755 $1,475,000 15% 431 2,861
-1.6% -1.7% -28% -3% 35%
$1,557,891 $1,435,000 13% 476 3,684
-17% -12% 5%
The detached median price in July was $1,450,000, a 1.0% increase from June and 1.7% below July 2023.
The average sold price was $1,610,389, 3% above last month and down 1.6% to July 2023.
3% 1%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
3,684
3,869
3,462
3,178
3,135 3,146
2,852
1.74
1.74
1.73
2,861
2,945
1.59
1.58
2,642
1.48
2,296
2,276
2,029
564
430
413
358
343
329
305
283
431
417
497
476
450
$1.48M $1.48M $1.48M $1.42M
$1.45M $1.45M $1.49M $1.50M $1.50M $1.43M $1.45M
$1.38M $1.30M
23-Jul
24-Jun
24-Jul
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
1,200
1,000
800
600
400
21%
18%
18%
11%
200
6%
5%
5%
2%
1%
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
S-L RATIO SALES INVENTORY
181 32 18%
320 67 21%
718 129 18%
1,147 125 11%
547 26 5%
344 21 6%
283 13 5%
123 3 2%
80 0 n/a
126 1 1%
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 August 6, 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. 11 ●
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