fraser valley board area TOWNHOME - SEPTEMBER 2 0 2 3
SALES TO LISTINGS RATIO 31% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 9% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 8% VS 2022
▲ 7% VS 2022
▲ 18% VS 2022
▼ 19% VS 2022
There were 909 townhome listings in the Fraser Valley board area in September, 6% above August and 19% lower than September 2022. September townhome sales decreased by 13% month-over-month, to 278, and were 18% above September 2022. The sales-to-listing ratio for townhomes in the Fraser Valley board area, at 31%, reflected a sellers' market. The townhome median price in September was $831,750, a 0.8% increase from August and 7% above September 2022. The average sold price was $859,096, 3% above last month; the average PSF sale price was $544, up 1.4% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No.
% Change
No. 319 859
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
278 909
$500 $796,651 $780,000 21% 235 1,117
45% 18% -19%
1.4% 3% 0.8% -18% -13% 6%
$544 $859,096 $831,750 31%
$537 $835,546 $825,000 37%
9% 8% 7%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● SEP 2022 ● SEP 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
1,117
945
1,001
852
909
797
859
684
810
751
684
679
661 389
477
445
245
388
376
278
319
235
242
189
169
154
$850K
$851K
$849K
$839K
$832K
$825K
$808K
$798K
$780K
$770K
$770K
$745K
$745K
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
400
60
4+ bdrms
262
300
67%
153
3 bdrms
439
200
42%
38%
32%
29%
63
20%
2 bdrms
100
199
5%
0
2
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
9
S-L RATIO SALES INVENTORY
20 1 5%
50 21 42%
259 98 38%
389 111 29%
144 29 20%
38 12 32%
9 6 67%
Copyright © October 10, 2023 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 October 10, 2023. 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. 12 ●
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