townhome
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 3 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
97 % UP
30 % DOWN
SELLER’S 22 %
7 % DOWN
10 % DOWN
The number of townhome listings in the Fraser Valley board area decreased to 1,081 in February, 3% above last month and 97% higher than last year. At 236, townhome sales were up 24% vs January and 30% below last year. The sales-to-listings ratio increased to 22%, as market conditions became favourable to seller’s for townhome product in the Fraser Valley board area. The benchmark price in February was $516,000, 1.2% lower than last month and 3% below last year. The average sold price was 4% higher between January and February, at $568,473, while the average PSF sales price decreased by 4% (to $358) month-over-month.
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No. 550 335 61%
% Change
TOTAL LISTINGS
1,081
1,050
3%
97% -30% -64%
TOTAL SALES
236 22%
190 18%
24% 21%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$516,000 $522,100 $568,473 $546,895
-1.2% $531,000 4% $608,282
-3% -7%
$358
$372
-4%
$396
-10%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$531,000 $549,900 $558,000 $548,300 $538,400 $531,900 $516,000
1,408
1,290
1,197
1,039 1,081
850
550
411
364
335
306
294
236
212
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
49
4+ bdrms
273
SELLER'S MARKET
138
BALANCED
3 bdrms
BUYER'S MARKET
553
49
<3 bdrms
. . . . 0 0 0 0 QD QD QD
255
S-L RATIO SALES INVENTORY
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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