DETACHED NOVEMBER fraser valley board area
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 11 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
30 % DOWN
19 % UP
-
84 % UP
SELLER’S 45 %
The number of November detached listings in the Fraser Valley board area was 21% lower vs October (at 2,371) and 30% below November 2019. Detached sales decreased 1.9% from October, to 1,057, but were up 84% vs November 2019. The sales-to-listings ratio increased to 45%, as the board area’s condo market remained in seller’s market territory. The benchmark price in November was $1.06M, up 1.4% month-over-month and 11% higher year-over-year. The average sold price in November was $1.25M, 7% higher month-over-month and 19% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
2,371 1,057
3,010 1,078
-21% -1.9%
3,364
-30% 84% 161%
TOTAL SALES
574 17%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
45%
36%
24%
$1,061,500 $1,046,900 1.4% $952,200
11% 19%
$1,253,532 $1,171,756
7% $1,052,339
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$1,061,500
$1,008,000 $1,032,700
$952,200 $960,800 $987,800 $990,400
1.86
1.84
1.77
1.31
1.31
1.29
3,288
3,364
3,278
2,982
2,817
2,371
2,490
1,057
1,027
993
637
574
399
347
Nov-19
Oct-20
Nov-20
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 © 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 December 3, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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