the rennie review - September 2021

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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