TOWNHOME NOVEMBER fraser valley board area
AVERAGE PRICE
AVERAGE PSF PRICE 7 % UP
BENCHMARK PRICE 6 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
16 % DOWN
10 % UP
51 % UP
SELLER’S 54 %
The number of townhome listings in the Fraser Valley board area decreased to 988 in November, 20% below last month and 16% lower than last year. At 532, townhome sales were down 13% vs October but 51% above last year. The sales-to-listings ratio, at 54%, remained favour- able market for sellers. The benchmark price in November was $570,100, up 0.2% from last month and 6% higher vs last year. The average sold price, at $621,750, was 0.6% higher between October and November while the average PSF sales price was unchanged (at $392).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
988 532 54%
1,230
-20% -13%
1,179
-16% 51% 80%
TOTAL SALES
610 50%
352 30%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
9%
$570,100 $569,200 $621,750 $618,046
0.2% $538,700 0.6% $566,742
6%
10%
$392
$384
2%
$366
7%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$567,300 $570,100
$538,700 $541,800 $549,100 $555,000 $563,200
1,368
1,303
1,179
1,100
988
1,033
893
555
555
532
383
352
240
223
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
124
4+ bdrms
BUYER'S MARKET
249
295
3 bdrms
516
113
<3 bdrms
. . . . 0 0 0 0 QD QD
223
S-L RATIO SALES INVENTORY
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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