fraser valley board area
TOWNHOME APRI L
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 1.4 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
32 % DOWN
47 % DOWN
0.7 % UP
0.5 % UP
SELLER’S 21 %
The number of townhome listings in the Fraser Valley board area decreased to 937 in April, 6% below last month and 32% lower than last year. At 200, townhome sales were down 48% vs March and 47% below last year. The sales-to-listings ratio, at 21%, remained favour- able to sellers. The benchmark price in April was $553,200, 0.7% above last month and 1.4% higher vs last year. The average sold price, at $587,211, was 2% lower between March and April while the average PSF sales price was relatively unchanged (at $370).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 997 384 39%
% Change
No.
% Change
TOTAL LISTINGS
937 200 21%
-6%
1,380
-32% -47% -22% 1.4% 0.7% 0.5%
TOTAL SALES
-48% -45%
378 27%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$553,200 $549,600 $587,211 $601,122
0.7% $545,500 -2% $583,035 -0.3% $368
$370
$371
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$545,500 $549,400 $547,300 $541,800 $539,800 $545,900 $553,200
1,560
1,519
1,380
1,360
980
937
843
395
378
338
326
320
286
200
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
47
4+ bdrms
BUYER'S MARKET
202
100
3 bdrms
494
53
<3 bdrms
. . . . 0 0 0 0 QD QD
241
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 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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