fraser valley board area
TOWNHOME MARCH
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 14 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
22 % UP
38 % DOWN
18 % UP
102 % UP 121 %
The number of townhome listings in the Fraser Valley board area increased to 639 in March, 13% above last month but 38% lower than last year. At 772, townhome sales were down 1.8% vs February but 102% above last year. The sales-to-listings ratio, at 121%, remained favourable market for sellers. The benchmark price in March was $624,500, up 4% from last month and 14% higher vs last year. The average sold price, at $713,384, was 7% higher between February and March while the average PSF sales price was 5% higher (at $453).
VS
VS
VS
VS
VS
SELLER’S
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 563 786
% Change
No.
% Change
TOTAL LISTINGS
639 772
13%
1,035
-38% 102% 226%
TOTAL SALES
-1.8% -13%
383 37%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
121%
140%
$624,500 $600,300 $713,384 $669,218
4% $549,100 7% $602,117
14% 18% 22%
$453
$432
5%
$372
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$624,500
$580,800
$549,100 $555,000 $563,200 $567,300 $570,100
1,371
1,306
1,075
1,102
1,035
736
772
555
555
531
383
639
223
460
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
177
4+ bdrms
138
SELLER'S MARKET
437
BALANCED
3 bdrms
352
BUYER'S MARKET
150 158
<3 bdrms
. . . . 0 0 0 0
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 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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