fraser valley board area TOWNHOME - JULY 2 0 2 4
SALES TO LISTINGS RATIO 26% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.6% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.0% VS 2023
▲ 63% VS 2023
▼ 1.8% VS 2023
▼ 5% VS 2023
There were 1,385 townhome listings in the Fraser Valley board area in July, 5% above June and 63% higher than July 2023. July townhome sales increased by 4% month-over-month, to 356, and were 5% below July 2023.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 376 852
% Change
No.
% Change
The sales-to-listing ratio for townhomes in the Fraser Valley board area, at 26%, reflected a sellers' market.
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$541 $855,607 $833,700 26% 356 1,385
0.6% 1% -1.8% -42% -5% 63%
$544 $845,578 $830,000 26% 342 1,313
4% 5%
The townhome median price in July was $833,700, a 0.4% increase from June and 1.8% below July 2023. The average sold price was $855,607, 1.2% above last month; the average PSF sale price was $541, down 0.7% to last month.
$537 $846,717 $848,944 44%
-0.7% 1.2% 0.4% -1.3%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUL 2023 ● JUL 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,385
1,242
1,313
1,068
930
911
881
823
852
879
859
711
680
403
384
376
278
356
214
369
342
317
281
232
220
185
$866K
$855K
$849K
$842K
$850K
$850K
$832K
$830K
$830K
$834K
$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
89
600
4+ bdrms
410
500
180
400
3 bdrms
50%
695
300
33%
29%
27%
87
200
23% 22%
19%
2 bdrms
269
100
0
<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+
11
S-L RATIO SALES INVENTORY
63 18 29%
401 132 33%
640 144 23%
205 46 22%
62 12 19%
11 3 27%
2 1 50%
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 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. 12 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online