fraser valley board area DETACHED - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 13% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 35% VS 2023
▼ 9% VS 2023
▼ 6% VS 2023
▼ 36% VS 2023
There were 3,684 detached listings in the Fraser Valley board area in June, 6% above May and 35% higher than June 2023. June detached home sales decreased by 15% month-over-month, to 477, and were 36% below June 2023. The sales-to-listing ratio for detached in the Fraser Valley board area, at 13%, reflected a balanced market.
THIS MONTH No. $1,560,033 $1,435,000 13% 477 3,684
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,720,371 $1,520,000 27% 740 2,724
-52% -36% 35%
$1,645,485 $1,495,000 16% 564 3,462
-21% -15% 6%
The detached median price in June was $1,435,000, a 4% decrease from May and 6% below June 2023.
The average sold price was $1,560,033, 5% below last month and down 9% to June 2023.
-5% -4%
-9% -6%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
3,462
3,684
3,178
3,135 3,146
2,861
2,852
1.79
1.76
2,724
1.73
2,945
2,642
1.62
1.56
2,296
2,276
1.48
2,029
564
740
430
413
344
329
305
283
477
497
450
431
358
$1.52M $1.48M $1.48M $1.48M $1.42M
$1.45M $1.45M $1.49M $1.50M $1.50M $1.44M
$1.38M $1.30M
23-Jun
24-May
24-Jun
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY ● S-L RATIO
1,200
1,000
800
600
32%
400
23%
21%
12%
200
6%
6%
5%
3%
1%
0
<$1M
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M-2.99M $3.0M-3.99M $4.0M-4.99M $5.0M-5.99M
$6.0M+
S-L RATIO SALES INVENTORY
165 38 23%
296 95 32%
700 145 21%
1,118 132 12%
483 31 6%
342 16 5%
269 17 6%
114 1 1%
76 2 3%
121 0 n/a
Copyright © 2024 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 July 8, 2024. All data from Greater Vancouver REALTORS®, Fraser Valley Real Estate Board, Whistler Listing System, and 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. 11 ●
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