fraservaley board area DETACHED -MAY 202
SALES TO LISTINGSRATIO 15% BALANCEDMARKET
▶ MARKETSUMMARY Therew ere 2,948 detached listingsin the FraserValey board areain M ay,14% aboveApriland 4% higherthan May 2021. M ay detached hom esalesdecreased by 28% m onth-over-m onth,to440,and were67% below M ay 2021. Thesales-to-listing ratio fordetached in the FraserValey board area,at15% ,reflected abalanced m arket.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 13% VS 2021
▲ 16% VS 2021
▲ 4% VS 2021
▼ 67% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
15% 440 2,948
1,321 2,828
13% 16% -68% -67% 4%
24% 611 2,581
-37% -28% 14%
Thedetachedm edian pricein M aywas$1,549,500,a4% decreasefrom Apriland 16% aboveM ay2021.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
$1,469,464 $1,331,000 47%
Theaveragesold pricewas$1,658,576,6% below last m onth and up 13% toM ay2021.
$1,761,248 $1,614,000
-6% -4%
$1,658,576 $1,549,500
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
2,948
2,828
2,584
2,227
2,581
1.85
1.78
1.77
2,185
1,788
1,741
1.61
1.61
1.58
1,843
1,306
1,514
1,321
1,025
909
841
807
1,054
959
850
777
744
744
696
61
440
523
$1.75M $1.78M $1.70M
$1.61M $1.55M
$1.56M $1.58M
$1.36M $1.41M $1.45M
$1.33M $1.29M $1.31M
May-21
Apr-22
May-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
1000
800
600
400
34%
28%
24%
21%
20%
200
17%
9%
7%
5%
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-L RATIO SALES INVENTORY
64 22 34%
25 5 20%
67 16 24%
183 52 28%
504 105 21%
965 163 17%
404 29 7%
299 26 9%
437 22 5%
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