fraser valley board area TOWNHOME - DECEMBER 2 0 2 4
SALES TO LISTINGS RATIO 22% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.7% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.5% VS 2023
▲ 61% VS 2023
▲ 31% VS 2023
▼ 3% VS 2023
There were 1,095 townhome listings in the Fraser Valley board area in December, 17% below November and 61% higher than December 2023. December townhome sales decreased by 4% month-over-month, to 242, and were 31% above December 2023. The sales-to-listing ratio for townhomes in the Fraser Valley board area, at 22%, reflected a sellers' market. The townhome median price in December was $799,950, a 3% decrease from November and 3% below December 2023. The average sold price was $821,215, 2% below last month; the average PSF sale price was $529, down 0.6% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 185 680
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$529 $821,215 $799,950 22% 242 1,095
0.7% 0.5% -3% -19% 31% 61%
$533 $838,559 $825,000 19% 253 1,320
-0.6% -2% -3% 15% -4% -17%
$526 $816,835 $823,000 27%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2023 ● DEC 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,320
1,438
1,242
1,399
1,390
1,388
1,314
1,068
1,095
823
879
680
711
402
384
355
338
369
342
242
185
280
261
261
253
232
$866K
$852K
$855K
$842K
$850K
$830K
$833K
$830K
$830K
$823K
$820K
$825K
$800K
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
500
54
4+ bdrms
347
400
67%
122
300
3 bdrms
533
44%
200
32%
62
18%
2 bdrms
13% 11%
211
100
0
4 4
<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+
S-L RATIO SALES INVENTORY
52 23 44%
309 98 32%
493 90 18%
176 23 13%
55 6 11%
6 0 n/a
3 2 67%
1 0 n/a
Copyright © 2025 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 January 13, 2025. 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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