fraser valley board area DETACHED - SEPTEMBER 2 0 2 4
SALES TO LISTINGS RATIO 9% BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 24% VS 2023
▼ 0.9% VS 2023
▼ 3% VS 2023
▼ 4% VS 2023
There were 3,892 detached listings in the Fraser Valley board area in September, 4% above August and 24% higher than September 2023. September detached home sales decreased by 13% month-over-month, to 345, and were 4% below September 2023. The sales-to-listing ratio for detached in the Fraser Valley board area, at 9%, re(ected a buyers' market.
THIS MONTH No. $1,620,159 $1,440,000 9% 345 3,892
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,634,240 $1,477,500 11% 358 3,135
-0.9% -3% -22% -4% 24%
$1,653,707 $1,480,000 11% 395 3,737
-16% -13% 4%
The detached median price in September was $1,440,000, a 3% decrease from August and 3% below September 2023.
The average sold price was $1,620,159, 2% below last month and down 0.9% to September 2023.
-2% -3%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
3,684
3,868
3,892
3,462
3,737
3,178
3,146
3,135
2,852
1.78
1.78
1.73
1.58
2,642
1.57
1.57
2,296
2,276
2,029
561
430
395
343
329
305
283
358
345
497
476
451
413
$1.48M $1.42M
$1.45M $1.45M $1.49M $1.50M $1.50M $1.43M $1.45M $1.48M $1.44M
$1.38M $1.30M
23-Sep
24-Aug
24-Sep
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
1,200
1,000
800
600
400
20%
18%
12%
9%
200
6%
3%
3%
2%
2%
1%
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
S-L RATIO SALES INVENTORY
183 36 20%
350 64 18%
741 91 12%
1,165 102 9%
498 28 6%
346 12 3%
277 7 3%
122 2 2%
83 1 1%
127 2 2%
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 October 9, 2024. 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. 11 ●
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