fraser valley board area
DETACHED - AUGUST 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
4 % DOWN
4 % DOWN
-
21 % UP
BALANCED 15 %
The number of August detached listings in the Fraser Valley board area was 6% lower vs July (at 3,880) and 4% below August 2018. Detached sales decreased by 10% from July, to 573, but were up 21% vs August 2018. The sales-to-listings ratio remained at 15%, as the board area’s condo market continued to be balanced. The benchmark price in August was $954,100, virtually unchanged vs the previous month and 5% lower year-over-year. The average sold price in August was $996,629, 1.9% higher month-over-month but 4% lower year-over-year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
3,880
4,146
-6%
4,051
-4% 21% 26% -5% -4%
TOTAL SALES
573 15%
634 15%
-10%
474 12%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-3%
$954,100 $957,400 $996,629 $977,914
-0.3% $1,008,700 1.9% $1,042,324
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$1,008,700 $986,700 $965,300 $958,900 $964,600 $960,100 $954,100
2.34
2.33
2.28
1.84
1.84
1.83
4,284
4,064
4,051
3,880
3,796
3,109
2,732
573
569
541
488
474
384
304
Aug-18
Jul-19
Aug-19
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S-L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0
S-L RATIO SALES INVENTORY
Current as of September 2, 2019. All data from the Real Estate Board of Greater Vancouver and Fraser Valley. The information set out herein (the “Information”) is intended for informational purposes only. RAR & RMS has not verified the information and does not represent, warrant or guarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipientmaydeemnecessary toverify the informationprior toplacinganyrelianceupon the information.The informationmaychangeandanypropertydescribed in the informationmaybewithdrawn from themarketatany timewithoutnoticeorobligation to therecipient fromRAR&RMS. 20
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