data pack: the vancouver rennie review | March 2025

fraser valley board area CONDO - FEBRUARY 2 0 2 5

SALES TO LISTINGS RATIO 13% BALANCED MARKET

▶ MARKET SUMMARY

AVERAGE PRICE

AVERAGE PSF PRICE ▼ 3% VS 2024

MEDIAN PRICE

TOTAL INVENTORY

SALES

▲ 2% VS 2024

▲ 0.8% VS 2024

▲ 66% VS 2024

▼ 33% VS 2024

There were 2,162 condo listings in the Fraser Valley board area in February, 11% above January and 66% higher than February 2024. February condo sales increased by 8% month-over-month, to 281, and were 33% below February 2024.

THIS MONTH No.

PREVIOUS MONTH

PREVIOUS YEAR

No.

% Change

No.

% Change

The sales-to-listing ratio for condos in the Fraser Valley board area, at 13%, re%ected a balanced market.

TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF

$665 $568,167 $535,000 13% 281 2,162

$685 $554,775 $531,000 32% 422 1,303

0.8% -60% -33% 66%

$657 $531,180 $527,500 13% 261 1,944

1.2% 7% 1.4% -3% 8% 11%

The condo median price in February was $535,000, a 1.4% increase from January and 0.8% above February 2024. The average sold price was $568,167, 7% above last month; the average PSF sale price was $665, up 1.2% to last month.

-3% 2%

▶ AVG PRICE PER SQUARE FOOT

▶ RECENT TRENDS

● FEB 2024 ● FEB 2025

● SALES ● TOTAL INVENTORY ● MEDIAN PRICE

2,229

2,124

2,049

2,162

2,256

1,857

2,082

1,726

1,944

1,922

1,785

1,303

1,425

453

446

394

371

356

313

422

281

408

396

322

294

261

$560K

$550K

$550K

$545K

$540K

$531K

$529K

$530K

$535K

$525K

$523K

$528K

$515K

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

1,400

3 1

1,200

4+ bdrms

1,000

60%

800

13

3 bdrms

146

600

400

177

2 bdrms

15%

10%

10%

1,256

9%

200

6%

0

90

<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+

<2 bdrms

S-L RATIO SALES INVENTORY

1,296 197 15%

673 67 10%

105 9 9%

40 4 10%

23 0 n/a

16 1 6%

5 3 60%

4 0 n/a

757

Copyright © 2025 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 10, 2025. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing 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. 13 ●

Made with FlippingBook - professional solution for displaying marketing and sales documents online