DETACHED - SEPTEMBER 2019 fraser valley board area
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
2 % UP
7 % DOWN
-
35 % UP
BALANCED 15 %
The number of September detached listings in the Fraser Valley board area was 6% lower vs August (at 3,829) and 7% below September 2018. Detached sales increased by 3% from August, to 589, and were up 35% vs September 2018. The sales-to-listings ratio slightly increased to 15%, as the board area’s condo market continued to be balanced. The benchmark price in September was $950,000, virtually unchanged vs the previous month and 4% lower year-over-year. The average sold price in September was $1.02M, 3% higher month-over-month and 2% higher 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
3,829
4,052
-6%
4,096
-7% 35% 45% -4%
TOTAL SALES
589 15%
571 14%
3% 9%
436 11%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$950,000 $954,100 $1,023,718 $996,973
-0.4% $988,900 3% $999,356
2%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$988,900 $976,200 $954,100 $963,100 $964,200 $957,400 $950,000
2.34
2.33
2.25
1.83
1.83
1.81
4,237
4,175
4,096
3,829
3,824
3,333
3,031
634
620
589
505
436
436
280
Sep-18
Aug-19
Sep-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
Copyright © 2019 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 October 3, 2019. All data from RealEstateBoardof 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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