fraser valley board area
DETACHED APRI L
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
14 % UP
21 % DOWN
-
BALANCED 15 %
11 % DOWN
The number of April detached listings in the Fraser Valley board area were up 12% from March (at 3,680), and were 14% above April 2018. Detached sales increased by 7% from March, to 541, but were down 21% vs April 2018. The sales-to-listings ratio remained at 15%, as the board area’s condo market continued to be balanced. The benchmark price in April was $964,600, virtu- ally unchanged vs the previous month and 5% lower year-over-year. The average sold price in April was $1.01M, 2% below last month and 11% lower year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
3,680
3,295
12%
3,222
14% -21% -31%
TOTAL SALES
541 15%
507 15%
7%
682 21%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-4%
$964,600 $963,100 $1,009,363 $1,031,770
0.2% $1,013,200
-5%
-2% $1,138,383 -11%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$1,013,200 $1,023,000 $1,008,700 $986,700 $965,300 $958,900 $964,600
2.30
2.29
2.26
1.86
1.85
1.84
4,080
4,068
3,979
3,680
3,222
3,118
2,745
682
604
541
488
474
387
305
Apr-18
Mar-19
Apr-19
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES TOTAL INVENTORY S L RATIO
SELLER'S MARKET
BALANCED
BUYER'S MARKET
. . . 0 0 0 0 0
S-L RATIO SALES INVENTORY
CurrentasofMay3,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The information setoutherein (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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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