fraser valley board area CONDO - DECEMBER 2 0 2 4
SALES TO LISTINGS RATIO 18% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▼ 3% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 53% VS 2023
▲ 13% VS 2023
▼ 0.7% VS 2023
▼ 1.9% VS 2023
There were 1,785 condo listings in the Fraser Valley board area in December, 16% below November and 53% higher than December 2023. December condo sales decreased by 12% month-over-month, to 314, and were 13% above December 2023. The sales-to-listing ratio for condos in the Fraser Valley board area, at 18%, reflected a balanced market. The condo median price in December was $515,000, a 1.4% decrease from November and 1.9% below December 2023. The average sold price was $539,263, 2% below last month; the average PSF sale price was $649, down 2% 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
$649 $539,263 $515,000 18% 314 1,785
$670 $543,023 $525,000 24% 278 1,165
13% 53%
$665 $552,435 $522,500 17% 356 2,124
-2% -2% -1.4% 5% -12% -16%
-3% -0.7% -1.9% -26%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2023 ● DEC 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
2,229
2,124
2,049
2,256
1,857
2,082
1,726
1,922
1,785
1,425
1,165
1,303
1,179
453
447
422
394
371
356
314
278
408
396
323
308
294
$560K
$550K
$550K
$545K
$540K
$530K
$531K
$530K
$530K
$525K
$525K
$523K
$515K
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
1,200
1,000
4+ bdrms
3
800
15
3 bdrms
600
113
400
196
20%
2 bdrms
14% 14%
10%
200
1,000
3%
0
103
<$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
1,112 225 20%
533 76 14%
79 11 14%
32 1 3%
11 0 n/a
10 1 10%
4 0 n/a
4 0 n/a
669
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. 13 ●
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