fraser valley board area
DETACHED MARCH
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 25 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
14 % DOWN
34 % UP
-
144 % UP
64 %
The number of March detached listings in the Fraser Valley board area was 32% higher vs February (at 2,434) but 14% below March 2020. Detached sales increased 30% from February, to 1,554, and were up 144% vs March 2020. The sales-to-listings ratio slightly decreased to 64%, as the board area’s condo market remained in sell- er’s market territory. The benchmark price in March was $1.24M, up 6% vs February and 25% higher year-over-year. The average sold price in March was $1.46M, 3% higher month-over-month and 34% higher year-over-year.
VS
VS
VS
VS
VS
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
2,434 1,554
1,837 1,198
32% 30% -2%
2,818
-14% 144% 182%
TOTAL SALES
637 23%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
64%
65%
$1,237,900 $1,163,400 $1,458,759 $1,419,681
6% $987,800 3% $1,085,263
25% 34%
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$1,237,900
$1,061,500 $1,106,500
1.98
1.94
$987,800 $990,400 $1,008,000 $1,032,700
1.80
3,282
3,297
2,986
2,818
1.34
1.33
2,575
1.26
2,434
1,814
1,055
1,027
992
748
637
1,554
347
Mar-20
Feb-21
Mar-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 April 6, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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