DETACHED FEBRUARY fraser valley board area
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 20 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
35 % DOWN
32 % UP
-
107 % UP
68 %
The number of February detached listings in the Fraser Valley board area was 0.4% lower vs January (at 1,753) and 35% below February 2020. Detached sales increased 60% from January, to 1,199, and were up 107% vs February 2020. The sales-to-listings ratio increased to 68%, as the board area’s condo market remained in seller’s market territory. The benchmark price in February was $1.16M, up 5% vs January and 20% higher year-over-year. The average sold price in February was $1.42M, 3% higher month-over-month and 32% higher year-over-year.
VS
VS
VS
VS
VS
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,753 1,199
1,760
-0.4% 2,710
-35% 107% 220%
TOTAL SALES
748 43%
60% 61%
580 21%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
68%
$1,163,400 $1,106,500 $1,419,389 $1,383,212
5% $970,200 3% $1,076,756
20% 32%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$1,163,400
$1,046,900 $1,079,500
1.94
1.91
$970,200 $992,300 $994,500 $1,019,600
1.78
3,355
3,191
3,094
2,771
2,710
1.33
1.32
1.27
1,753
1,693
1,078
973
976
731
580
295
1,199
Feb-20
Jan-21
Feb-21
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
. . . 0 0 0 0 0 S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
Copyright © 2021 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 March 3, 2021. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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