fraser valley board area
TOWNHOME - MAY 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
33 % UP
3 % DOWN
5 % DOWN
6 % DOWN
28 %
The number of townhome listings in the Fraser Valley board area increased to 1,451 in May, 7% above last month and 33% higher than last year. At 406, townhome sales were up 7% vs April but 3% below last year. The sales-to-listings ratio, at 28%, remained favour- able to sellers. The benchmark price in May was $522,500, virtu- ally unchanged from last month and 6% below last year. The average sold price was 1.7% lower between April and May, at $572,867, while the average PSF sales price decreased by 0.3% (to $367).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,451
1,351
7% 7%
1,088
33% -3% -27%
TOTAL SALES
406 28%
379 28%
417 38%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-0.3%
$522,500 $521,800 $572,867 $583,058
0.1% $555,500 -1.7% $601,073 -0.3% $392
-6% -5% -6%
$367
$368
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$555,500 $557,300 $546,100 $532,800 $522,100 $517,300 $522,500
1,451
1,401
1,350
1,278
1,271
1,093
1,088
417
406
346
300
249
241
189
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
72
BALANCED
4+ bdrms
BUYER'S MARKET
290
223
3 bdrms
800
111
<3 bdrms
. . . . 0 0 0 0 QD QD
361
S-L RATIO SALES INVENTORY
CurrentasofJune4,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (the“Information”) is intended for informationalpurposesonly.RAR&RMShasnotverifiedthe 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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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