fraser valley board area TOWNHOME - SEPTEMBER 2 0 2 4
SALES TO LISTINGS RATIO 18% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 1.2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 58% VS 2023
▼ 0.7% VS 2023
▼ 0.2% VS 2023
▼ 5% VS 2023
There were 1,436 townhome listings in the Fraser Valley board area in September, 4% above August and 58% higher than September 2023. September townhome sales increased by 0.8% month-over-month, to 263, and were 5% below September 2023. The sales-to-listing ratio for townhomes in the Fraser Valley board area, at 18%, re(ected a balanced market. The townhome median price in September was $830,000, a 0.0% increase from August and 0.2% below September 2023. The average sold price was $853,469, 2% above last month; the average PSF sale price was $551, up 4% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 278 911
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$551 $853,469 $830,000 18% 263 1,436
1.2% -0.7% -0.2% -40% -5% 58%
$532 $836,702 $829,900 19% 261 1,387
4% 2% 0% -3% 0.8% 4%
$544 $859,096 $831,750 31%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2023 ● SEP 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,436
1,242
1,389 1,387
1,314
1,068
930
881
911
823
879
711
680
402
384
355
214
278
369
263
342
280
261
232
220
185
$866K
$852K
$855K
$842K
$850K
$832K
$830K
$830K
$833K
$830K
$830K
$824K
$823K
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
700
60
600
4+ bdrms
447
500
139
400
3 bdrms
679
300
36%
61
200
19% 22%
19%
2 bdrms
298
12% 14%
100
0
3
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
12
S-L RATIO SALES INVENTORY
79 15 19%
411 89 22%
650 121 19%
214 25 12%
66 9 14%
11 4 36%
4 0 n/a
1 0 n/a
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. 12 ●
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