fraser valley board area TOWNHOME - MARCH 2 0 2 4
SALES TO LISTINGS RATIO 44% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 8% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 8% VS 2023
▲ 7% VS 2023
▲ 33% VS 2023
▼ 1.3% VS 2023
There were 879 townhome listings in the Fraser Valley board area in March, 7% above February and 33% higher than March 2023. March townhome sales increased by 38% month-over-month, to 384, and were 1.3% below March 2023. The sales-to-listing ratio for townhomes in the Fraser Valley board area, at 44%, reflected a sellers' market. The townhome median price in March was $866,250, a 1.9% increase from February and 7% above March 2023. The average sold price was $876,866, 0.8% below last month; the average PSF sale price was $551, up 1.2% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 389 661
% Change
No. 279 823
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
384 879
8% 8% 7% -26% -1.3% 33%
29% 38% 7%
$551 $876,866 $866,250 44%
$512 $813,788 $808,000 59%
$545 $883,686 $850,000 34%
1.2% -0.8% 1.9%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● MAR 2023 ● MAR 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
881
852
823
879
930
797
911
859
810
661
711
679
680
477
445
389
384
278
388
376
214
318
279
232
220
185
$866K
$851K
$850K
$849K
$842K
$850K
$839K
$832K
$830K
$825K
$824K
$823K
$808K
FVREB
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
400
98
4+ bdrms
269
300
193
3 bdrms
50%
419
47%
44%
200
43% 41%
88
2 bdrms
100
17%
186
0
5 5
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
S-L RATIO SALES INVENTORY
46 23 50%
228 107 47%
402 171 43%
160 66 41%
36 16 44%
6 1 17%
1 0 n/a
Copyright © 2024 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 April 10, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listings System, and 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. 12 ●
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