fraservaleyboardarea TOWNHOME-AUGUST 2021
SALESTO LISTINGSRATIO 93% SELLERS'MARKET
▶ MARKETSUMMARY Therewere553townhomelistingsintheFraserValey boardareainAugust,22%belowJulyand56%lowerthan August2020. Augusttownhomesalesincreasedby7% month-over-month,to513,andwere0.8%belowAugust 2020. Thesales-to-listingratiofortownhomesintheFraser Valeyboardarea,at93%,reflectedaselers'market. ThetownhomemedianpriceinAugustwas$735,000,a 0.8%increasefromJulyand23%aboveAugust2020. Theaveragesoldpricewas$739,303,0.5%abovelast month;theaveragePSFsalepricewas$481,up1.0%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 27% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 21% VS2020
▲ 23% VS2020
▼ 56% VS2020
▼ 0.7% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No. 67% 479 711
%Change
TOTALLISTINGS TOTALSALES
93% 513 553
41% 517 1,267
127% -0.8% -56%
1% 0.5% 0.8% 38% 7% -22%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$481 $739,303 $735,000
$476 $735,585 $729,000
$378 $608,653 $600,000
27% 21% 23%
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 2020 ● AUG 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,31
1,267
1,179
1,002
872 846
786
787
775
71
687
612
759
553
706
659
641
517
513
567
558
533
531
506 462
479
$735K
$728K
$725K
$729K
$720K
$705K
$660K
$640K
$615K
$604K
$608K
$600K
$593K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
103
100%+
100%+
250
4+bdrms
90%
142
84%
200
284
150
3bdrms
55%
305
100
31%
123
2bdrms
50
99
0
3
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
26 8 31%
89 75 84%
242 269 111%
149 134 90%
38 21 55%
5 6 120%
4 0 n/a
7
Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 12 ●
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