fraservaleyboardarea CONDO-AUGUST 2021
SALESTO LISTINGSRATIO 64% SELLERS'MARKET
▶ MARKETSUMMARY Therewere936condolistingsintheFraserValeyboard areainAugust,19%belowJulyand50%lowerthan August2020. Augustcondosalesincreasedby8%month-over-month, to599,andwere44%aboveAugust2020.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 18% VS2020
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 19% VS2020
▲ 18% VS2020
▼ 50% VS2020
▲ 44% VS2020
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
Thesales-to-listingratioforcondosintheFraserValey boardarea,at64%,reflectedaselers'market.
TOTALLISTINGS TOTALSALES
64% 599 936
22% 417 1,857
18% 19% 18% 185% 44% -50%
48% 556 1,162
6% 6% 3% 34% 8% -19%
ThecondomedianpriceinAugustwas$465,000,a3% increasefromJulyand18%aboveAugust2020. Theaveragesoldpricewas$489,433,6%abovelast month;theaveragePSFsalepricewas$562,up6%to lastmonth.
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$562 $489,433 $465,000
$530 $463,444 $449,850
$477 $411,767 $395,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 2020 ● AUG 2021
● SALES ● TOTALINVENTORY ● MEDIANPRICE
1,857
1,749
1,868
1,599
1,344
1,307
1,271
1,162
1,287
1,256
806 1,192 1,190
936
778
666
494
599
480
459
690
614
556
417
426
369
$465K
$450K
$450K
$450K
$446K
$438K
$430K
$415K
$405K
$398K
$395K
$393K
$391K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
500
4 1
4+bdrms
400
79%
70%
300
52
3bdrms
96
45%
200
33%
29%
349
25%
2bdrms
100
571
13% 11%
0
197
<$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
219 172 79%
480 334 70%
166 75 45%
35 10 29%
15 5 33%
8 1 13%
9 1 11%
4 1 25%
265
Copyright©September7,2021renniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofSeptember7,2021.AldatafromRealEstateBoardofGreater VancouverandFraserValey&Renie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshould takestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Al informationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 13 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online