fraser valley board area
TOWNHOME JUNE
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 1.9 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
24 % DOWN
4 % UP
3 % UP
38 % UP
SELLER’S 38 %
The number of townhome listings in the Fraser Valley board area increased to 1,187 in June, 11% above last month but 24% lower than last year. At 451, townhome sales were up 102% vs May but 38% below last year. The sales-to-listings ratio, at 38%, transitioned to a favourable market for sellers. The benchmark price in June was $559,600, up 0.8% from last month and 1.9% higher vs last year. The average sold price, at $596,117, was 2% higher between May and June while the average PSF sales price was 1.3% higher (at $377).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,187
1,069
11%
1,560
-24% 38% 82% 1.9%
TOTAL SALES
451 38%
223 21%
102%
326 21%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
82%
$559,600 $555,000 $596,117 $583,627
0.8% $549,400 2% $575,943
4% 3%
$377
$372
1.3%
$366
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$549,400 $547,300 $541,800 $538,900 $545,300 $552,800 $559,600
1,560
1,519
1,360
1,187
1,014
983
844
451
395
338
326
320
285
200
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
100
4+ bdrms
270
SELLER'S MARKET
BALANCED
225
BUYER'S MARKET
3 bdrms
634
126
<3 bdrms
. . . . 0 0 0 0 QD
283
S-L RATIO SALES INVENTORY
Copyright © 2020 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 July 3, 2020. All data from Real Estate Board of 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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