fraser valley board area
CONDO - DECEMBER 2020
AVERAGE PRICE
AVERAGE PSF PRICE 7 % UP
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
6 % UP
16 % UP
46 % UP
SELLER’S 39 %
There were 1,170 condo listings in the Fraser Valley board area in December, 30% below last month but 16% higher vs December of last year. At 457, condo sales were 7% higher month-over- month and 46% above December 2019. Increasing to 39%, the board area’s condo sales-to- listings ratio reflected seller’s market conditions. The condo benchmark price in December was $438,300, 0.6% above November and 5% higher vs December 2019. The average sold price was $422,033 (1.7% above November), while the average PSF sales price was $485 (5% above November).
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,170
1,673
-30%
1,005
16% 46% 26%
TOTAL SALES
457 39%
429 26%
7%
312 31%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
52%
$438,300 $435,900 $422,033 $414,825
0.6% $418,600 1.7% $397,882
5% 6% 7%
$485
$464
5%
$455
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$418,600 $428,400 $438,000 $435,300 $437,300 $434,600 $438,300
1,919
1,858
1,686
1,461
1,170
1,260
1,005
501
457
421
407
313
312
150
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
20
3+ bdrms
BUYER'S MARKET
108
295
2 bdrms
801
142
<2 bdrms
. . . . 0 0 0 0 QD
261
S-L RATIO SALES INVENTORY
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 January 6, 2021. 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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