fraser valley board area DETACHED - OCTOBER 2 0 2 4
SALES TO LISTINGS RATIO 13% BALANCED MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 17% VS 2023
▲ 44% VS 2023
▼ 4% VS 2023
▼ 1.3% VS 2023
There were 3,676 detached listings in the Fraser Valley board area in October, 6% below September and 17% higher than October 2023. October detached home sales increased by 43% month-over-month, to 495, and were 44% above October 2023. The sales-to-listing ratio for detached in the Fraser Valley board area, at 13%, re(ected a balanced market. The detached median price in October was $1,400,000, a 3% decrease from September and 1.3% below October 2023. The average sold price was $1,547,824, 4% below last month and down 4% to October 2023.
THIS MONTH No. $1,547,824 $1,400,000 13% 495 3,676
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE
$1,611,790 $1,418,800 11% 343 3,146
24% 44% 17%
$1,620,159 $1,440,000 9% 345 3,892
-4% -3% 52% 43% -6%
-4% -1.3%
▶ RATIO OF MEDIAN PRICES
▶ RECENT TRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
3,868
3,892
3,462
3,676
3,737
3,684
3,178
3,146
2,852
1.73
1.72
1.71
1.60
1.57
2,642
1.52
2,296
2,276
2,029
560
429
395
345
329
305
283
495
343
495
476
451
412
$1.45M $1.45M $1.49M $1.50M $1.50M $1.43M $1.45M $1.48M $1.44M $1.40M
$1.42M
$1.38M $1.30M
23-Oct
24-Sep
24-Oct
▶ 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
400
27%
26%
23%
13%
200
7%
5%
3%
3%
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
179 48 27%
330 87 26%
706 159 23%
1,109 139 13%
450 32 7%
328 16 5%
258 8 3%
115 3 3%
74 2 3%
127 1 1%
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 November 12, 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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