fraser valley board area TOWNHOME - NOVEMBER 2 0 2 3
SALES TO LISTINGS RATIO 24% SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
AVERAGE PSF PRICE ▲ 3% VS 2022
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 1.9% VS 2022
▲ 4% VS 2022
▲ 13% VS 2022
▼ 7% VS 2022
There were 882 townhome listings in the Fraser Valley board area in November, 5% below October and 7% lower than November 2022. November townhome sales decreased by 3% month-over-month, to 214, and were 13% above November 2022. The sales-to-listing ratio for townhomes in the Fraser Valley board area, at 24%, reflected a sellers' market. The townhome median price in November was $830,000, a 0.7% increase from October and 4% above November 2022. The average sold price was $825,104, 1.0% below last month; the average PSF sale price was $524, down 1.8% to last month.
THIS MONTH No.
PREVIOUS MONTH
PREVIOUS YEAR
No. 189 945
% Change
No. 220 931
% Change
TOTAL LISTINGS TOTAL SALES SALES-LISTINGS RATIO MEDIAN SOLD PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
214 882
3% 1.9% 4% 21% 13% -7%
-3% -5%
$524 $825,104 $830,000 24%
$510 $809,737 $798,000 20%
$534 $833,473 $824,000 24%
-1.8% -1% 0.7% 3%
▶ AVG PRICE PER SQUARE FOOT
▶ RECENT TRENDS
● NOV 2022 ● NOV 2023
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
945
852
882
931
797
911
859
810
684
751
684
679
661
477
445
389
278
388
376
319
214
189
242
220
169
154
$850K
$851K
$849K
$839K
$832K
$830K
$825K
$824K
$808K
$798K
$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
52
4+ bdrms
248
300
99
3 bdrms
53%
447
200
34%
28%
29%
59
21% 24%
2 bdrms
100
184
10%
0
3 4
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
S-L RATIO SALES INVENTORY
17 9 53%
50 17 34%
240 68 28%
405 85 21%
122 29 24%
41 4 10%
7 2 29%
Copyright © 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 December 11, 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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