TOWNHOME - OCTOBER 2019 fraser valley board area
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 4 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
3 % DOWN
10 % DOWN
1.9 % UP
29 % UP
SELLER’S 31 %
The number of townhome listings in the Fraser Valley board area decreased to 1,259 in October, 13% below last month and 10% lower than last year. At 396, townhome sales were up 25% vs September and 29% above last year. The sales-to-listings ratio, at 31%, remained favour- able to sellers. The benchmark price in October was $516,000, 0.8% lower vs last month and 4% lower vs last year. The average sold price was 1.9% higher between September and October, at $574,221, while the average PSF sales price was relatively unchanged (at $363).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,259
1,447
-13% 25% 43%
1,399
-10% 29% 44%
TOTAL SALES
396 31%
318 22%
306 22%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$516,000 $520,000 $574,221 $563,462
-0.8% $538,400 1.9% $563,368 -0.3% $374
-4%
1.9%
$363
$364
-3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$538,400 $531,900 $516,000 $521,800 $525,200 $521,400 $516,000
1,559
1,518
1,399
1,379
1,259
1,160
1,031
396
378
326
321
306
235
212
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
86
4+ bdrms
BUYER'S MARKET
258
210
3 bdrms
705
100
<3 bdrms
. . . . 0 0 0 0 QD QD QD
296
S-L RATIO SALES INVENTORY
Copyright © 2019 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 November 6, 2019. All data from RealEstateBoard ofGreaterVancouverandFraserValley & 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.
18
Made with FlippingBook - professional solution for displaying marketing and sales documents online