fraser valley board area
CONDO - MAY 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 8 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
53 % UP
23 % DOWN
6 % DOWN
8 % DOWN
SELLER’S 23 %
The number of condo listings in the Fraser Valley board area were 1,686 in May, 0.5% above last month and up 53% vs last year. At 396, condo sales were 6% higher in May than in April but 23% below May 2018. Slightly increasing to 23%, the board area’s condo sales-to-listings ratio remained favourable to sellers. The condo benchmark price in May was $416,800, 0.9% below April and 8% lower than in May 2018. The average sold price was $395,009 (0.8% above April), while the average PSF sales price was $449 (0.4% below April).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,686
1,677
0.5%
1,105
53% -23% -50%
TOTAL SALES
396 23%
373 22%
6% 6%
514 47%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$416,800 $420,700 $395,009 $391,751
-0.9% $452,900 0.8% $421,195 -0.4% $487
-8% -6% -8%
$449
$451
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$452,900 $450,400 $438,700 $422,500 $409,000 $418,000 $416,800
1,686
1,610
1,566
1,558
1,358
1,363
1,105
514
396
344
337
256
285
274
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
13
3+ bdrms
BUYER'S MARKET
73
250
2 bdrms
1,154
133
. . . . 0 0 0 0 QD QD
<2 bdrms
459
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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