fraser valley board area
CONDO FEBRUARY
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 5 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
10 % UP
6 % DOWN
11 % UP
113 % UP
SELLER’S 56 %
There were 1,186 condo listings in the Fraser Valley board area in February, 12% below last month and 6% lower vs February of last year. At 667, condo sales were 80% higher month-over- month and 113% above February 2020. Increasing to 56%, the board area’s condo sales-to- listings ratio reflected seller’s market conditions. The condo benchmark price in February was $450,900, 3% above January and 5% higher vs February 2020. The average sold price was $443,698 (3% above January), while the average PSF sales price was $509 (4% above January).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,186
1,342
-12% 80% 103%
1,260
-6%
TOTAL SALES
667 56%
371 28%
313 25%
113% 126%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$450,900 $439,800 $443,698 $429,955
3% $428,400 3% $399,835
5%
11% 10%
$509
$490
4%
$463
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$450,900
$428,400 $438,000 $435,300 $437,300 $434,600 $438,300
1,919
1,861
1,686
1,461
1,262
1,260
1,186
667
500
457
421
407
313
150
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
38
3+ bdrms
BUYER'S MARKET
119
435
2 bdrms
760
194
<2 bdrms
. . . . 0 0 0 0 QD QD
307
S-L RATIO SALES INVENTORY
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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