fraser valley board area CONDO - SEPTEMBER 2 0 2 4
SALES TO LISTINGS RATIO 13% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 2% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 2% VS 2023
▲ 1.0% VS 2023
▲ 60% VS 2023
▼ 14% VS 2023
There were 2,257 condo listings in the Fraser Valley board area in September, 8% above August and 60% higher than September 2023. September condo sales decreased by 9% month-over-month, to 295, and were 14% below September 2023. The sales-to-listing ratio for condos in the Fraser Valley board area, at 13%, re(ected a balanced market. The condo median price in September was $530,000, a 0.0% increase from August and 1.0% above September 2023. The average sold price was $557,494, 1.8% above last month; the average PSF sale price was $656, up 0.6% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$656 $557,494 $530,000 13% 295 2,257
$670 $545,912 $525,000 24% 343 1,410
-46% -14% 60%
$652 $547,850 $529,900 16% 323 2,082
0.6% 1.8% 0% -16% -9% 8%
-2% 2% 1%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2023 ● SEP 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
2,257
2,050
1,857
2,082
1,726
1,922
1,466 1,455
1,410
1,425
1,303
1,165 1,179
453
447
422
371
319
343
295
408
396
323
308
289
278
$560K
$550K
$550K
$545K
$530K
$531K
$530K
$530K
$525K
$525K
$525K
$525K
$514K
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
1,400
4 1
4+ bdrms
1,200
1,000
17
800
3 bdrms
138
40%
600
400
183
16%
2 bdrms
10%
1,312
7%
200
6%
0
94
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
<2 bdrms
S-L RATIO SALES INVENTORY
1,363 212 16%
672 69 10%
140 10 7%
36 2 6%
24 0 n/a
10 0 n/a
7 0 n/a
5 2 40%
803
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. 13 ●
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