fraser valley board area
DETACHED APRI L
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
7 % UP
32 % DOWN
45 % DOWN
-
11 %
The number of April detached listings in the Fraser Valley board area were 5% lower vs March (at 2,604) and 32% lower vs April 2019. Detached sales decreased 54% fromMarch, to 296, and were down 45% vs April 2019. The sales-to-listings ratio decreased to 11%, as the board area’s condo market became favourable to buyers. The benchmark price in April was $993,400, 0.5% higher month-over-month and up 3% year-over-year. The average sold price in April was $1.08M, rela- tively unchanged month-over-month and 7% higher year-over-year.
VS
VS
VS
VS
VS
BUYER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
2,604
2,728
-4.5% 3,806
-32% -45% -20%
TOTAL SALES
296 11%
640 23%
-54% -52%
540 14%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$993,400 $988,500
0.5% $964,600
3% 7%
$1,084,083 $1,086,260 -0.2% $1,009,287
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$964,600 $960,100 $954,100 $952,600 $953,700 $971,300 $993,400
1.80
1.80
1.77
4,302
4,139
1.30
1.30
3,806
1.30
3,706
2,700
2,604
2,319
669
581
569
569
540
519
296
Apr-19
Mar-20
Apr-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
. . . 0 0 0 0 0 S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
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 May 5, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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