detached
F R A S E R V A L L E Y B O A R D A R E A - F E B R U A R Y 2 0 1 9
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
16 % UP
-
BALANCED 13 %
6 % DOWN
33 % DOWN
The number of February detached listings in the Fraser Valley board area were virtually unchanged from January (at 2,956), and was 16% above February 2018. Detached sales increased by 38% from January, to 387, and were down 33% vs February 2018. The sales-to-listings ratio rose to 13%, as the board area’s condo market transitioned to a balanced market. The benchmark price in February was $958,900, 0.5% above the previous month but 4% lower year-over-year. The average sold price in February was $1.01M, 5% above last month but 6% lower year-over-year.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
2,956
2,948
0.3% 38% 37%
2,547
16% -33% -42%
TOTAL SALES
387 13%
281 10%
579 23%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$958,900 $954,100 $1,012,389 $964,631
0.5% $996,000 5% $1,079,728
-4% -6%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$996,000 $1,013,200 $1,023,000 $1,008,700 $986,700 $965,300 $958,900
2.36
2.34
2.33
1.88
1.86
1.83
4,076
4,067
3,978
3,222
2,956
2,738
2,547
682
604
579
488
474
387
306
Feb-18
Jan-19
Feb-19
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
CurrentasofMarch5,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (the“Information”) is intended for informationalpurposesonly.RAR&RMShasnotverified the informationanddoesnot represent,warrantorguarantee theaccuracy,correctnessandcompletenessof the information.RAR&RMSdoesnotassumeany responsibilityor liabilityofanykind inconnectionwith the informationand the recipient’s relianceupon the information.The recipientof the information should take stepsas the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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