fraser valley board area
CONDO APRI L
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 6 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
25 % DOWN
SELLER’S 23 %
6 % DOWN
7 % DOWN
84 % UP
The number of condo listings in the Fraser Valley board area were 1,625 in April, 6% above last month and up 84% vs last year. At 374, condo sales were 9% higher in April than in March but 25% below April 2018. Slightly increasing to 23%, the board area’s condo sales-to-listings ratio remained favourable to sellers. The condo benchmark price in April was $420,700, 0.6% above March but 6% below April 2018. The average sold price was $391,492 (2% below March), while the average PSF sales price was $451 (0.7% below March).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No. 881 496 56%
% Change
TOTAL LISTINGS
1,625
1,533
6% 9% 3%
84% -25% -59%
TOTAL SALES
374 23%
344 22%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$420,700 $418,000 $391,492 $400,046
0.6% $447,500 -2% $417,457 -0.7% $487
-6% -6% -7%
$451
$454
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$447,500 $453,500 $443,200 $432,800 $418,300 $409,700 $420,700
1,643
1,625
1,448
1,425
1,276
1,219
881
496
392
374
316
288
292
211
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
15
3+ bdrms
BUYER'S MARKET
78
229
2 bdrms
1,085
130
<2 bdrms
. . . . 0 0 0 0 QD QD QD
462
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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
Made with FlippingBook - professional solution for displaying marketing and sales documents online