fraser valley board area TOWNHOME - NOVEMBER 2 0 2 4
SALES TO LISTINGS RATIO 19% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 1.7% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.7% VS 2023
▲ 50% VS 2023
▲ 19% VS 2023
▼ 0.4% VS 2023
There were 1,320 townhome listings in the Fraser Valley board area in November, 6% below October and 50% higher than November 2023. November townhome sales decreased by 25% month-over-month, to 254, and were 19% above November 2023. The sales-to-listing ratio for townhomes in the Fraser Valley board area, at 19%, reflected a balanced market. The townhome median price in November was $827,000, a 0.9% increase from October and 0.4% below November 2023. The average sold price was $839,533, 0.7% above last month; the average PSF sale price was $533, down 1.8% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 214 881
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$533 $839,533 $827,000 19% 254 1,320
19% 50%
$542 $833,772 $819,500 24% 338 1,398
-1.8% 0.7% 0.9% -20% -25% -6%
$524 $825,104 $830,000 24%
1.7% 1.7% -0.4% -21%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2023 ● NOV 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,437
1,242
1,320
1,398
1,390
1,387
1,314
1,068
881
823
879
711
680
402
384
355
338
369
342
254
214
280
261
261
232
185
$866K
$852K
$855K
$842K
$850K
$830K
$830K
$833K
$830K
$830K
$823K
$820K
$827K
FVREB
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
600
56
4+ bdrms
500
423
400
129
3 bdrms
628
300
33%
200
25% 25%
64
19%
2 bdrms
263
12%
9%
100
0
6 5
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
S-L RATIO SALES INVENTORY
68 17 25%
373 93 25%
594 115 19%
204 19 9%
69 8 12%
6 2 33%
5 0 n/a
1 0 n/a
Copyright © 2024 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 December 9, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 12 ●
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