fraser valley board area
CONDO AUGUST
AVERAGE PRICE
AVERAGE PSF PRICE 8 % UP
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
6 % UP
16 % UP
28 % UP
SELLER’S 23 %
There were 1,821 condo listings in the Fraser Valley board area in August, 0.9% above last month and 16% higher vs August of last year. At 422, condo sales were 1.9% lower month-over- month but 28% above August 2019. Decreasing to 23%, the board area’s condo sales-to- listings ratio reflected seller’s market conditions. The condo benchmark price in August was $437,300, unchanged from July and 4% higher vs August 2019. The average sold price was $411,390 (3% below July), while the average PSF sales price was $478 (1.7% above July).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,821
1,805
0.9% -1.9%
1,576
16% 28% 11%
TOTAL SALES
422 23%
430 24%
330 21%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-3%
$437,300 $437,300 $411,390 $423,075
0.0% $420,600 -3% $389,494
4% 6% 8%
$478
$470
1.7%
$443
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$420,600 $417,000 $418,600 $428,400 $438,000 $435,300 $437,300
1,821
1,687
1,576
1,532
1,463
1,259
1,004
422
410
407
330
313
312
150
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
. . . . 0 0 0 0 QD QD SELLER'S MARKET BALANCED BUYER'S MARKET S-L RATIO SALES INVENTORY
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3+ bdrms
120
277
2 bdrms
1,226
132
<2 bdrms
475
Copyright © 2020 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 3, 2020. 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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