fraser valley board area TOWNHOME - OCTOBER 2 0 2 4
SALES TO LISTINGS RATIO 24% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 1.7% VS 2023
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 0.0% VS 2023
▲ 50% VS 2023
▲ 54% VS 2023
▼ 0.5% VS 2023
There were 1,396 townhome listings in the Fraser Valley board area in October, 3% below September and 50% higher than October 2023. October townhome sales increased by 30% month-over-month, to 338, and were 54% above October 2023. The sales-to-listing ratio for townhomes in the Fraser Valley board area, at 24%, re(ected a sellers' market. The townhome median price in October was $819,500, a 1.3% decrease from September and 0.5% below October 2023. The average sold price was $833,776, 2% below last month; the average PSF sale price was $542, down 1.4% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 220 930
% Change
No.
% Change
TOTAL INVENTORY TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$542 $833,776 $819,500 24% 338 1,396
54% 50%
$550 $853,228 $830,000 18% 261 1,435
33% 30% -3%
$534 $833,473 $824,000 24%
1.7% 0% -0.5% 2%
-1.4% -2% -1.3%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● OCT 2023 ● OCT 2024
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,396
1,435
1,242
1,389
1,386
1,314
1,068
881
930
823
879
711
680
402
384
355
338
214
369
342
220
280
261
261
232
185
$866K
$852K
$855K
$842K
$850K
$830K
$830K
$833K
$830K
$830K
$824K
$823K
$820K
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
78
4+ bdrms
429
500
400
157
3 bdrms
678
300
32% 33%
25%
200
99
22%
2 bdrms
18%
278
8%
100
0
4
<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+
11
S-L RATIO SALES INVENTORY
78 25 32%
390 128 33%
636 140 22%
204 37 18%
74 6 8%
8 2 25%
5 0 n/a
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 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. 12 ●
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