fraser valley board area TOWNHOME - DECEMBER 2 0 2 3
SALES TO LISTINGS RATIO 27% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 10% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 10% VS 2022
▲ 11% VS 2022
▲ 21% VS 2022
▼ 9% VS 2022
There were 680 townhome listings in the Fraser Valley board area in December, 23% below November and 9% lower than December 2022. December townhome sales decreased by 13% month-over-month, to 186, and were 21% above December 2022. The sales-to-listing ratio for townhomes in the Fraser Valley board area, at 27%, reflected a sellers' market. The townhome median price in December was $824,000, a 0.7% decrease from November and 11% above December 2022. The average sold price was $818,384, 0.8% below last month; the average PSF sale price was $527, up 0.5% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 154 751
% Change
No. 214 881
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
186 680
10% 10% 11% 33% 21% -9%
0.5% -0.8% -0.7% 13% -13% -23%
$527 $818,384 $824,000 27%
$480 $742,267 $745,000 21%
$524 $825,104 $830,000 24%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● DEC 2022 ● DEC 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
881
852
930
797
911
859
751
810
684
684
679
680
661
477
445
389
278
388
376
214
318
242
186
220
154
169
$850K
$851K
$849K
$839K
$832K
$830K
$825K
$824K
$824K
$808K
$770K
$745K
$745K
FVREB
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
300
42
4+ bdrms
198
250
200
99
3 bdrms
335
150
40%
35%
29%
100
44
21%
2 bdrms
14%
141
12%
9%
50
0
1
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
6
S-L RATIO SALES INVENTORY
14 3 21%
40 16 40%
180 63 35%
302 87 29%
105 13 12%
32 3 9%
7 1 14%
Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of January 10, 2024. All data from Real Estate Board of Greater Vancouver and Fraser Valley & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 12 ●
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