fraser valley board area
CONDO SEPTEMBER
AVERAGE PRICE
AVERAGE PSF PRICE 7 % UP
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
8 % UP
15 % UP
34 % UP
SELLER’S 27 %
There were 1,816 condo listings in the Fraser Valley board area in September, 3% below last month but 15% higher vs September of last year. At 482, condo sales were 14% higher month-over- month and 34% above September 2019. Increasing to 27%, the board area’s condo sales-to- listings ratio reflected seller’s market conditions. The condo benchmark price in September was $436,900, 0.1% below August but 5% higher vs September 2019. The average sold price was $426,473 (4% above August), while the average PSF sales price was $479 (0.2% above August).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,816
1,879
-3% 14% 18%
1,581
15% 34% 16%
TOTAL SALES
482 27%
421 22%
361 23%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$436,900 $437,300 $426,473 $411,678
-0.1% $417,400 4% $393,142
5% 8% 7%
$479
$478
0.2%
$446
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$417,400 $416,700 $421,300 $436,900 $433,700 $437,300 $436,900
1,838
1,816
1,581
1,548
1,425
1,380
1,107
482
430
373
361
331
246
191
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
. . . . 0 0 0 0 SELLER'S MARKET BALANCED BUYER'S MARKET S-L RATIO SALES INVENTORY
14
3+ bdrms
126
320
2 bdrms
1,225
148
<2 bdrms
465
Copyright © 2020 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 October 5, 2020. 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.
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