fraser valley board area
CONDO APRI L
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 0.8 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
19 % DOWN
60 % DOWN
0.6 % DOWN
0.9 % UP
BUYER’S 11 %
There were 1,364 condo listings in the Fraser Valley board area in April, 1.9% below last month and 19% below April of last year. At 150, condo sales were 55% lower month-over- month and 60% below April 2019. Falling to 11%, the board area’s condo sales-to-list- ings ratio reflected buyer’s market conditions. The condo benchmark price in April was $424,100, relatively unchanged fromMarch and 0.8% higher vs April 2019. The average sold price was $389,569 (1.4% below March), while the average PSF sales price was $455 (3% belowMarch).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,364
1,390
-1.9% 1,690
-19% -60% -50% 0.8% -0.6% 0.9%
TOTAL SALES
150 11%
331 24%
-55% -54%
373 22%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$424,100 $423,200 $389,569 $395,069
0.2% $420,700 -1.4% $391,751
$455
$471
-3%
$451
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$420,700 $409,800 $409,200 $405,100 $405,500 $414,500 $424,100
1,725
1,690
1,576
1,532
1,364
1,258
1,004
410
373
330
328
313
312
150
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
2
3+ bdrms
74
SELLER'S MARKET
99
2 bdrms
BALANCED
911
BUYER'S MARKET
49
<2 bdrms
. . . . 0 0 0 0 QD QD QD
379
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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