fraser valley board area TOWNHOME - JUNE 2 0 2 4
SALES TO LISTINGS RATIO 26% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 0.4% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 62% VS 2023
▼ 1.9% VS 2023
▼ 3% VS 2023
▼ 28% VS 2023
There were 1,312 townhome listings in the Fraser Valley board area in June, 6% above May and 62% higher than June 2023. June townhome sales decreased by 7% month-over-month, to 342, and were 28% below June 2023. The sales-to-listing ratio for townhomes in the Fraser Valley board area, at 26%, reflected a sellers' market. The townhome median price in June was $830,000, a 2% decrease from May and 3% below June 2023. The average sold price was $845,578, 2% below last month; the average PSF sale price was $544, down 0.5% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 477 810
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$544 $845,578 $830,000 26% 342 1,312
0.4% -1.9% -3% -56% -28% 62%
$547 $865,433 $850,000 30% 369 1,242
-0.5% -2% -2% -12% -7% 6%
$542 $861,899 $851,300 59%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● JUN 2023 ● JUN 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,242
1,312
1,068
930
911
881
852
823
810
879
859
711
680
403
477
384
278
342
376
214
369
318
281
232
220
185
$866K
$851K
$855K
$849K
$842K
$850K
$850K
$832K
$830K
$830K
$825K
$824K
$823K
FVREB
REBGV
▶ NUMBER OF BEDROOMS
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET 21% +
BALANCED 12 - 20%
BUYERS' MARKET <12%
● SALES ● TOTAL INVENTORY
● SALES ● TOTAL INVENTORY ● S-L RATIO
600
73
4+ bdrms
382
500
400
173
3 bdrms
658
300
40%
33%
200
24%
93
20%
20%
2 bdrms
16% 17%
263
100
0
3
<2 bdrms
<$600K $600K-799K $800K-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2.0M-2.49M $2.5M+
9
S-L RATIO SALES INVENTORY
67 27 40%
350 116 33%
603 145 24%
210 41 20%
64 10 16%
12 2 17%
5 1 20%
1 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. 12 ●
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