fraser valley board area
CONDO OCTOBER
AVERAGE PRICE
AVERAGE PSF PRICE 4 % UP
BENCHMARK PRICE 4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
8 % UP
13 % UP
22 % UP
SELLER’S 29 %
There were 1,728 condo listings in the Fraser Valley board area in October, 8% below last month but 13% higher vs October of last year. At 502, condo sales were 4% higher month-over- month and 22% above October 2019. Increasing to 29%, the board area’s condo sales-to- listings ratio reflected seller’s market conditions. The condo benchmark price in October was $434,600, 0.5% below September but 4% higher vs October 2019. The average sold price was $414,237 (3% below September), while the average PSF sales price was $473 (1.5% below September).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,728
1,885
-8%
1,533
13% 22%
TOTAL SALES
502 29%
481 26%
4%
410 27%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
14%
9% 4% 8% 4%
$434,600 $436,900 $414,237 $426,816
-0.5% $417,000 -3% $382,119 -1.5% $453
$473
$480
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$417,000 $418,600 $428,400 $438,000 $435,300 $437,300 $434,600
1,919
1,728
1,686
1,533
1,461
1,260
1,005
502
421
410
407
313
312
150
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
24
3+ bdrms
130
SELLER'S MARKET
323
BALANCED
2 bdrms
1,185
BUYER'S MARKET
155
<2 bdrms
. . . . 0 0 0 0 QD QD
413
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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