fraser valley board area
CONDO MARCH
AVERAGE PRICE
AVERAGE PSF PRICE 4 % UP
BENCHMARK PRICE 1.2 % UP
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
14 % DOWN
3 % DOWN
1.3 % DOWN
SELLER’S 25 %
There were 1,339 condo listings in the Fraser Valley board area in March, 9% above last month but 14% below March of last year. At 331, condo sales were 6% higher month-over- month but 3% below March 2019. Remaining at 25%, the board area’s condo sales-to- listings ratio reflected seller’s market conditions. The condo benchmark price in March was $423,200, 2% above February and 1.2% higher vs March 2019. The average sold price was $395,069 (1.2% below February), while the average PSF sales price was $471 (1.7% above February).
VS
VS
VS
VS
VS
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
1,339
1,230
9% 6%
1,555
-14% -3% 12% 1.2% -1.3%
TOTAL SALES
331 25%
313 25%
343 22%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
-3%
$423,200 $414,500 $395,069 $399,835
2% $418,000 -1.2% $400,328
$471
$463
1.7%
$455
4%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES
TOTAL INVENTORY
BENCHMARK PRICE
$418,000 $416,800 $409,700 $405,500 $404,500 $408,400 $423,200
1,758
1,676
1,580
1,555
1,379
1,339
1,102
395
373
361
343
343
331
246
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES
TOTAL INVENTORY
S L RATIO
SALES TOTAL INVENTORY
11
3+ bdrms
73
SELLER'S MARKET
196
2 bdrms
BALANCED
914
BUYER'S MARKET
124
<2 bdrms
. . . . 0 0 0 0 QD QD QD
352
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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