TOWNHOME - FEBRUARY 2020 fraser valley board area
AVERAGE PRICE
AVERAGE PSF PRICE 6 % UP
BENCHMARK PRICE 1.4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
4 % UP
21 % DOWN
45 % UP
SELLER’S 37 %
The number of townhome listings in the Fraser Valley board area increased to 919 in February, 6% above last month but 21% lower than last year. At 340, townhome sales were up 41% vs January and 45% above last year. The sales-to-listings ratio, at 37%, remained favour- able to sellers. The benchmark price in February was $523,200, 1.0% above last month and 1.4% higher vs last year. The average sold price was 1.4% higher between January and February, at $587,052, while the aver- age PSF sales price was 1.3% higher (at $379).
VS 2019
VS 2019
VS 2019
VS 2019
VS 2019
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 864 241 28%
% Change
No.
% Change
TOTAL LISTINGS
919 340 37%
6%
1,160
-21% 45% 83% 1.4%
TOTAL SALES
41% 33%
235 20%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$523,200 $518,000 $587,052 $578,815
1.0% $516,000 1.4% $567,122
4% 6%
$379
$374
1.3%
$357
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$516,000 $521,800 $525,200 $521,400 $516,000 $514,900 $523,200
1,560
1,519
1,380
1,359
1,160
919
842
396
378
340
326
320
286
235
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
61
4+ bdrms
BUYER'S MARKET
197
188
3 bdrms
491
91
<3 bdrms
. . . . 0 0 0 0 QD QD QD
231
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 March 4, 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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