fraser valley board area
TOWNHOME JULY
AVERAGE PRICE
AVERAGE PSF PRICE 4 % UP
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
21 % DOWN
4 % UP
45 % UP
SELLER’S 45 %
The number of townhome listings in the Fraser Valley board area increased to 1,241 in July, 0.6% above last month but 21% lower than last year. At 555, townhome sales were up 23% vs June and 45% above last year. The sales-to-listings ratio, at 45%, remained favour- able market for sellers. The benchmark price in July was $563,200, up 0.6% from last month and 3% higher vs last year. The average sold price, at $592,547, was 0.6% lower between June and July while the average PSF sales price was 1.6% higher (at $383).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,241
1,233
0.6% 23% 22%
1,575
-21% 45% 84%
TOTAL SALES
555 45%
451 37%
382 24%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$563,200 $559,600 $592,547 $596,117
0.6% $545,300 -0.6% $571,553
3% 4% 4%
$383
$377
1.6%
$367
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$545,300 $545,500 $538,700 $541,800 $549,100 $555,000 $563,200
1,575
1,483
1,241
1,179
1,096
1,029
893
555
383
382
352
318
240
223
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
111
BUYER'S MARKET
4+ bdrms
311
305
3 bdrms
648
139
<3 bdrms
. . . . 0 0 0 0 QD QD QD
282
S-L RATIO SALES INVENTORY
Copyright © 2020 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 August 7, 2020. 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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