fraser valley board area
DETACHED MARCH
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
5 % UP
21 % DOWN
-
27 % UP
SELLER’S 24 %
The number of March detached listings in the Fraser Valley board area were relatively unchanged vs February (at 2,635) and 21% lower vs March 2019. Detached sales increased 10% from February, to 640, and were up 27% vs March 2019. The sales-to-listings ratio increased to 24%, as the board area’s condo market continued to be favour- able to sellers. The benchmark price in March was $988,500, 1.8% higher month-over-month and up 3% year-over-year. The average sold price in March was $1.09M, increasing 0.9% month-over-month and 5% higher year-over-year.
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
2,635
2,643
-0.3% 3,340
-21% 27% 61%
TOTAL SALES
640 24%
584 22%
10% 10%
504 15%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$988,500 $971,300
1.8% $963,100
3% 5%
$1,086,275 $1,077,103 0.9% $1,031,890
-
-
-
-
-
RATIO OF BENCHMARK PRICES ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$963,100 $964,200 $957,400 $950,000 $952,200 $960,800 $988,500
1.80
1.78
1.77
4,252
4,184
4,035
1.32
1.30
1.30
3,348
3,340
2,477
2,635
640
632
620
588
575
504
401
Mar-19
Feb-20
Mar-20
TOTAL LISTINGS & SALES BY PRICE RANGE ›
SALES
TOTAL INVENTORY
S L RATIO
. . . 0 0 0 0 0 S-L RATIO SALES INVENTORY SELLER'S MARKET BALANCED BUYER'S MARKET
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 April 3, 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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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