fraser valley board area
CONDO JANUARY
AVERAGE PRICE
AVERAGE PSF PRICE 3 % UP
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % DOWN
5 % UP
23 % DOWN
0.1 % DOWN
SELLER’S 24 %
There were 1,035 condo listings in the Fraser Valley board area in January, 6% above last month but 23% below January of last year. At 248, condo sales were 21% lower in January than in December and 3% below January 2019. Decreasing to 24%, the board area’s condo sales-to- listings ratio reflected seller’s market conditions. The condo benchmark price in January was $408,400, 0.7% above December and relatively unchanged from January 2019. The average sold price was $390,781 (2% below December), while the average PSF sales price was $458 (0.7% above December).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 981 313 32%
% Change
No.
% Change
TOTAL LISTINGS
1,035
6%
1,351
-23% -3% 26% -0.1%
TOTAL SALES
248 24%
-21% -25%
256 19%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$408,400 $405,500 $390,781 $398,879
0.7% $409,000 -2% $373,424
5% 3%
$458
$455
0.7%
$444
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$409,000 $418,000 $416,800 $409,700 $405,500 $404,500 $408,400
1,758
1,676
1,580
1,555
1,375
1,351
1,035
395
373
361
343
343
256
248
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
9
3+ bdrms
BUYER'S MARKET
65
161
2 bdrms
707
78
<2 bdrms
. . . . 0 0 0 0 QD QD QD QD
263
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 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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