fraservaley board area CONDO -APRIL 2023
SALES TO LISTINGSRATIO 46% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere1,061 condolistingsin theFraserValey board areain April,0.1% aboveM arch and 6% higher than April2022. Aprilcondosalesdecreased by0.8% m onth-over-m onth, to487,and were11% below April2022.
AVERAGEPRICE
AVERAGE PSF PRICE ▼ 9% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▼ 10% VS 2022
▼ 10% VS 2022
▲ 6% VS 2022
▼ 11% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No. 55% 549 997
% Change
No.
% Change
Thesales-to-listing ratio forcondosin the FraserValey board area,at46% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
46% 487 1,061
-9% -10% -10% -17% -11% 6%
46% 491 1,060
-0.9% -0.8% 0.1%
Thecondom edian pricein Aprilwas$510,000,a0% changefrom M arch and 10% below April2022. Theaveragesold pricewas$544,285,3% abovelast m onth;theaveragePSF salepricewas$636,up 2.0% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$636 $544,285 $510,000
$623 $530,597 $510,000
2% 3% 0%
$695 $605,937 $566,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● APR 202 ● APR 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,237
1,234
1,318
1,306 1,303
1,294
1,236
1,073
1,061
1,060
1,017
997
975
491
549
406
487
451
273
356
305
285
279
277
217
198
$566K $548K $540K
$535K $515K
$500K $505K $490K $485K $497K $499K $510K $510K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
600
2 1
500
4+ bdrms
400
27
60%
3 bdrms
300
70
51%
43%
38%
200
29%
305
24%
2 bdrms
100
14%
626
0
154
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
<2 bdrms
S-L RATIO SALES INVENTORY
127 76 60%
545 278 51%
286 109 38%
59 14 24%
21 6 29%
9 0 n/a
7 1 14%
7 3 43%
363
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