fraser valley board area
CONDO - SEPTEMBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % DOWN
2 % DOWN
3 % DOWN
32 % UP
SELLER’S 24 %
There were1,503 condo listings in the Fraser Valley board area in September, 3% lower vs last month and last year. At 361, condo sales were 9% higher in September than in August and 32% above September 2018. Increasing to 24%, the board area’s condo sales-to- listings ratio reflected seller’s market conditions. The condo benchmark price in September was $405,500, 0.9% below August and 8% lower than in September 2018. The average sold price was $393,142 (0.9% above August), while the average PSF sales price was $446 (0.7% above August).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,503
1,545
-3%
1,547
-3% 32% 36% -8% -2% -3%
TOTAL SALES
361 24%
331 21%
9%
274 18%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
12%
$405,500 $409,200 $393,142 $389,647
-0.9% $438,700 0.9% $401,044
$446
$443
0.7%
$461
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$438,700 $422,500 $409,000 $418,000 $416,800 $409,700 $405,500
1,759
1,676
1,599
1,555
1,547
1,503
1,351
395
343
361
343
285
274
256
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
14
3+ bdrms
BUYER'S MARKET
74
232
2 bdrms
1,028
115
<2 bdrms
. . . . 0 0 0 0 QD QD
401
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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