DETACHED OCTOBER fraser valley board area
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 10 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
22 % DOWN
16 % UP
-
61 % UP
SELLER’S 37 %
The number of October detached listings in the Fraser Valley board area was 10% lower vs September (at 2,881) and 22% below October 2019. Detached sales increased 5% from September, to 1,080, and were up 61% vs October 2019. The sales-to-listings ratio increased to 37%, as the board area’s condo market remained in seller’s market territory. The benchmark price in October was $1.05M, up 1.4% month-over-month and 10% higher year-over-year. The average sold price in October was $1.17M, 0.6% higher month-over-month and 16% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
2,881 1,080
3,204 1,027
-10%
3,710
-22% 61% 108%
TOTAL SALES
5%
669 18%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
37%
32%
17%
$1,046,900 $1,032,700 1.4% $952,600 $1,172,016 $1,165,331 0.6% $1,010,411
10% 16%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$1,019,600 $1,046,900
$952,600 $952,600 $970,200 $992,300 $994,500
1.84
1.82
1.76
1.31
1.30
1.30
3,710
3,344
3,187
2,709
2,881
2,768
2,325
1,080
975
731
669
580
519
296
Oct-19
Sep-20
Oct-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0
S-L RATIO SALES INVENTORY
Copyright © 2020 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 November 3, 2020. All data from Real Estate Board of Greater Vancouver and Fraser Valley & 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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.
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