fraser valley board area
CONDO - JULY 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 9 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % DOWN
9 % DOWN
16 % UP
2 % UP
SELLER’S 22 %
The number of condo listings in the Fraser Valley board area were 1,559 in July, 7% below last month but up 16% vs last year. At 344, condo sales were 5% higher in July than in June and 2% above July 2018. Increasing to 22%, the board area’s condo sales-to- listings ratio reflected seller’s market conditions. The condo benchmark price in July was $409,700, virtually unchanged from June and 9% lower than in July 2018. The average sold price was $393,135 (0.8% above June), while the average PSF sales price was $438 (1.6% above June).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,559
1,683
-7%
1,347
16%
TOTAL SALES
344 22%
329 20%
5%
337 25%
2%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
13%
-12%
$409,700 $409,800 $393,135 $390,181
0.0% $450,400 0.8% $407,036
-9% -3% -9%
$438
$431
1.6%
$480
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$450,400 $438,700 $422,500 $409,000 $418,000 $416,800 $409,700
1,758
1,599
1,547
1,555
1,559
1,351
1,347
395
343
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
11
3+ bdrms
BUYER'S MARKET
73
219
2 bdrms
1,079
114
. . . . 0 0 0 0 QD QD
<2 bdrms
407
S-L RATIO SALES INVENTORY
CurrentasofAugust7,2019.Alldata from theRealEstateBoardofGreaterVancouverandFraserValley.The informationsetoutherein (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 The information may change and any property described in the information may be withdrawn from the market at any time without notice or obligation to the recipient from RAR & RMS.
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