fraser valley board area
DETACHED MAY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
32 % DOWN
44 % DOWN
0.7 % UP
-
BALANCED 12 %
The number of May detached listings in the Fraser Valley board area were 5% higher vs April (at 2,859) but 32% lower vs May 2019. Detached sales increased 18% from April, to 348, but were down 44% vs May 2019. The sales-to-listings ratio increased to 12%, as the board area’s condo market transitioned to a balanced market. The benchmark price in May was $990,400, rel- atively unchanged month-over-month and up 3% year-over-year. The average sold price in May was $1.04M, 4% lower month-over-month but 0.7% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
2,859
2,717
5%
4,186
-32% -44% -18%
TOTAL SALES
348 12%
296 11%
18% 12%
620 15%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$990,400 $992,300 $1,036,038 $1,084,083
-0.2% $964,200
3%
-4% $1,029,247 0.7%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$964,200 $957,400 $950,000 $952,200 $960,800 $987,800 $990,400
1.80
1.78
1.77
4,260
4,186
4,042
1.28
1.27
1.26
3,360
2,806
2,859
2,484
638
632
620
588
574
401
348
May-19
Apr-20
May-20
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 © 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 June 4, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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