fraser valley board area
CONDO MARCH
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
13 % UP
17 % DOWN
17 % UP
7 % UP
145 % UP
SELLER’S 69 %
There were 1,178 condo listings in the Fraser Valley board area in March, 5% below last month and 17% lower vs March of last year. At 811, condo sales were 22% higher month-over- month and 145% above March 2020. Increasing to 69%, the board area’s condo sales-to- listings ratio reflected seller’s market conditions. The condo benchmark price in March was $465,400, 3% above February and 7% higher vs March 2020. The average sold price was $462,948 (4% above February), while the average PSF sales price was $531 (4% above February).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,178
1,235
-5% 22% 28%
1,426
-17% 145% 197%
TOTAL SALES
811 69%
666 54%
331 23%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$465,400 $450,900 $462,948 $444,034
3% $436,900 4% $395,069
7%
17% 13%
$531
$510
4%
$471
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$465,400
$436,900 $433,700 $437,300 $436,900 $435,900 $439,800
1,939
1,862
1,726
1,549
1,377
1,426
1,178
811
480
426
424
370
331
181
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
28
3+ bdrms
BUYER'S MARKET
120
536
2 bdrms
749
247
<2 bdrms
. . . . 0 0 0 0 QD
309
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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