fraser valley board area
TOWNHOME MARCH
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 1.3 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
5 % UP
24 % DOWN
0.8 % DOWN
28 % UP
SELLER’S 40 %
The number of townhome listings in the Fraser Valley board area increased to 968 in March, 0.5% above last month but 24% lower than last year. At 385, townhome sales were up 14% vs February and 28% above last year. The sales-to-listings ratio, at 40%, remained favour- able to sellers. The benchmark price in March was $549,600, 0.7% above last month and 1.3% higher vs last year. The average sold price, at $601,054, was 2% higher between February and March while the average PSF sales price was 2% lower (at $371).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No. 963 339 35%
% Change
No.
% Change
TOTAL LISTINGS
968 385 40%
0.5% 14% 13%
1,272
-24% 28% 69% 1.3%
TOTAL SALES
300 24%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$549,600 $545,900 $601,054 $586,569
0.7% $542,800 2% $572,838
5%
$371
$379
-2%
$374
-0.8%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$542,800 $545,500 $545,300 $545,500 $538,700 $541,800 $549,600
1,575
1,529
1,483
1,272
1,179
968
890
406
385
382
352
318
300
240
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
74
4+ bdrms
BUYER'S MARKET
207
205
3 bdrms
515
106
<3 bdrms
. . . . 0 0 0 0 QD
246
S-L RATIO SALES INVENTORY
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 All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies.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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