fraservaley board area CONDO -MAY 202
SALES TO LISTINGSRATIO 33% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere1,225 condolistingsin theFraserValey board areain M ay,23% aboveApriland 5% lowerthan May 2021. M aycondosalesdecreased by27% m onth-over-m onth, to403,and were48% below M ay2021.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 26% VS 2021
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 21% VS 2021
▲ 23% VS 2021
▼ 5% VS 2021
▼ 48% VS 2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
% Change
No. 55% 550 997
% Change
Thesales-to-listing ratio forcondosin the FraserValey board area,at33% ,reflected aselers'm arket.
TOTALLISTINGS TOTALSALES
33% 403 1,225
60% 778 1,287
26% 21% 23% -46% -48% -5%
-40% -27% 23%
Thecondom edian pricein M aywas$550,000,a3% decreasefrom Apriland 23% aboveM ay2021. Theaveragesold pricewas$560,304,8% below last m onth;theaveragePSF salepricewas$668,down 4% to lastm onth.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$668 $560,304 $550,000
$695 $606,579 $566,300
-4% -8% -3%
$531 $461,156 $446,000
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● MAY 2021 ● MAY 202
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,225
1,287
1,163
1,271
905
849
997
937
764
778
660
801
779
598
542
614
614
562
555
555
550
517
403
420
415
373
$572K $570K $566K $550K
$529K $564K
$481K $510K
$446K $450K $450K $465K $473K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
600
4+ bdrms
500
400
11
3 bdrms
87
300
39% 41%
200
248
25%
2 bdrms
20%
763
13%
100
7% 9%
0
144
<$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
88 34 39%
606 248 41%
411 103 25%
61 12 20%
30 4 13%
14 1 7%
11 1 9%
4 0 n/a
375
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