fraservaleyboardarea DETACHED-AUGUST 2021
SALESTO LISTINGSRATIO 46% SELLERS'MARKET
▶ MARKETSUMMARY Therewere1,843detachedlistingsintheFraserValey boardareainAugust,16%belowJulyand40%lowerthan August2020. Augustdetachedhomesalesdecreasedby1.1% month-over-month,to842,andwere13%belowAugust 2020. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at46%,reflectedaselers'market.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 34% VS2020
▲ 33% VS2020
▼ 40% VS2020
▼ 13% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
46% 842 1,843
32% 968 3,059
34% 33% 44% -13% -40%
39% 851 2,185
4% 4% 17% -1.1% -16%
ThedetachedmedianpriceinAugustwas$1,356,500,a 4%increasefromJulyand33%aboveAugust2020.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
Theaveragesoldpricewas$1,483,494,4%abovelast monthandup34%toAugust2020.
$1,432,677 $1,310,000
$1,483,494 $1,356,500
$1,108,416 $1,022,500
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
2,944
3,059
2,828
2,778
3,019
2,584
2,304
1.85
2,238
1.80
1.70
2,185
1.62
1,843
1.58
1,597
1,530
1.52
1,322
1,184
1,515 1,520
1,071 1,048
1,022
1,382
968
842
968
961
851
743
$1.36M
$1.34M
$1.33M $1.28M
$1.33M
$1.31M
$1.29M
$1.22M
$1.15M
$1.10M
$1.05M
$1.06M
$1.02M
Aug-20
Jul-21
Aug-21
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
400
91%
86%
75%
75%
300
200
45%
38%
29%
100
15%
6%
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.99M
$2.0M-2.49M
$2.5M-2.99M
$3M+
S-LRATIO SALES INVENTORY
66 25 38%
20 15 75%
97 73 75%
181 165 91%
314 269 86%
426 191 45%
199 58 29%
158 23 15%
382 23 6%
Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstate BoardofGreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycanotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.The recipientoftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbe obtainedfromarennieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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