fraser valley board area
CONDO - DECEMBER 2019
AVERAGE PRICE
AVERAGE PSF PRICE
BENCHMARK PRICE 3 % DOWN
TOTAL LISTINGS
SALES
SALES TO LISTING RATIO
MARKET SUMMARY ›
27 % DOWN
6 % UP
1.3 % UP
48 % UP
SELLER’S 34 %
There were 926 condo listings in the Fraser Valley board area in December, 31% lower vs last month and 27% below last year. At 313, condo sales were 16% lower in December than in November but 48% above December 2018. Increasing to 34%, the board area’s condo sales-to- listings ratio reflected seller’s market conditions. The condo benchmark price in December was $405,500, relatively unchanged from November and 3% lower than in December 2018. The average sold price was $398,879 (3% above November), while the average PSF sales price was $455 (3% below November).
VS 2018
VS 2018
VS 2018
VS 2018
VS 2018
PREVIOUS MONTH
PREVIOUS YEAR
THIS MONTH No.
No.
% Change
No.
% Change
TOTAL LISTINGS
926 313 34%
1,347
-31% -16% 22%
1,265
-27% 48% 103%
TOTAL SALES
373 28%
211 17%
SALES-LISTINGS RATIO BENCHMARK PRICE AVERAGE SOLD PRICE AVERAGE PRICE PSF
$405,500 $404,500 $398,879 $386,958
0.2% $418,300 3% $376,601
-3%
6%
$455
$468
-3%
$449
1.3%
AVG PRICE PER SQUARE FOOT ›
HISTORICAL TREND
›
SALES TOTAL INVENTORY BENCHMARK PRICE
$418,300 $409,700 $420,700 $409,800 $409,200 $405,100 $405,500
1,724
1,690
1,575
1,527
1,436
1,265
926
412
373
330
328
313
288
211
FVREB
REBGV
TOTAL LISTINGS & SALES BY PRICE RANGE
NUMBER OF BEDROOMS
›
›
SALES TOTAL INVENTORY S-L RATIO
SALES TOTAL INVENTORY
SELLER'S MARKET
BALANCED
11
3+ bdrms
BUYER'S MARKET
56
214
2 bdrms
617
88
<2 bdrms
. . . . 0 0 0 0 QD QD
253
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 January 6, 2020. All data from RealEstateBoardof 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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