DETACHED JANUARY fraser valley board area
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 0.7 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
12 % UP
23 % DOWN
-
44 % UP
BALANCED 17 %
The number of January detached listings in the Fraser Valley board area were 4% higher vs December (at 2,337) but 23% below January 2019. Detached sales decreased by 23% from December, to 402, but were up 44% vs January 2019. The sales-to-listings ratio decreased to 17%, as the board area’s condo market became balanced. The benchmark price in January was $960,800, 0.7% higher month-over-month and year-over-year. The average sold price in January was $1.08M, relatively unchanged month-over-month and 12% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
2,337
2,251
4%
3,036
-23% 44% 87% 0.7% 12%
TOTAL SALES
402 17%
521 23%
-23% -26%
280
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
9%
$960,800 $953,700
0.7% $954,100
$1,077,152 $1,077,628 0.0% $964,726
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$954,100 $963,100 $964,200 $957,400 $950,000 $952,200 $960,800
1.85
1.85
1.83
4,250
4,184
4,031
1.28
1.27
1.27
3,340
3,345
3,036
2,337
632
620
589
575
504
402
280
Jan-19
Dec-19
Jan-20
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
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 February 5, 2020. All data from RealEstateBoardof 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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