fraser valley board area
TOWNHOME MAY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 1.7 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
33 % DOWN
45 % DOWN
1.9 % UP
1.4 % UP
SELLER’S 22 %
The number of townhome listings in the Fraser Valley board area increased to 1,030 in May, 4% above last month but 33% lower than last year. At 223, townhome sales were up 12% vs April but 45% below last year. The sales-to-listings ratio, at 22%, transitioned to a favourable market for sellers. The benchmark price in May was $555,000, relative- ly unchanged from last month and 1.7% higher vs last year. The average sold price, at $583,627, was 0.6% lower between April and May while the average PSF sales price was 0.5% higher (at $372).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 988 200 20%
% Change
No.
% Change
TOTAL LISTINGS
1,030
4%
1,529
-33% -45% -18% 1.7% 1.9% 1.4%
TOTAL SALES
223 22%
12%
406 27%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
7%
$555,000 $552,800 $583,627 $587,211
0.4% $545,500 -0.6% $572,867
$372
$370
0.5%
$367
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$545,500 $545,300 $545,500 $538,700 $541,800 $549,100 $555,000
1,575
1,529
1,483
1,179
1,026
1,030
894
406
383
382
352
318
240
223
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
48
4+ bdrms
BUYER'S MARKET
232
114
3 bdrms
526
61
<3 bdrms
. . . . 0 0 0 0 QD
272
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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