the rennie review - July 2022

fraservaley board area DETACHED -JUNE 202

SALES TO LISTINGSRATIO 14% BALANCEDMARKET

▶ MARKETSUMMARY Therew ere 3,117 detached listingsin the FraserValey board areain June,5% aboveM ayand 21% higherthan June2021. Junedetached hom esalesdecreased by12% m onth-over-m onth,to428,and were55% below June 2021. Thesales-to-listing ratio fordetached in the FraserValey board area,at14% ,reflected abalanced m arket.

AVERAGEPRICE

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 12% VS 2021

▲ 14% VS 2021

▲ 21% VS 2021

▼ 55% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No.

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

14% 428 3,117

37% 958 2,584

12% 14% -63% -55% 21%

16% 487 2,957

-17% -12% 5%

Thedetachedm edian pricein Junewas$1,475,000,a4% decreasefrom M ayand 14% aboveJune2021.

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE

Theaveragesold pricewas$1,613,915,2% below last m onth and up 12% toJune2021.

$1,648,698 $1,530,000

-2% -4%

$1,613,915 $1,475,000

$1,446,062 $1,291,250

▶ RATIO OFMEDIAN PRICES

▶ RECENTTRENDS

● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

2,957

3,17

2,584

1.78

1.76

2,227

2,581

1.73

1.61

1.59

1.58

2,185

1,788

1,741

1,843

1,306

1,514

1,021

909

840

806

958

1,054

850

777

744

744

696

610

428

523

487

$1.70M $1.61M $1.75M $1.78M

$1.56M $1.58M

$1.53M $1.48M

$1.36M $1.41M $1.45M

$1.29M $1.31M

Jun-21

May-22

Jun-22

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY ● S-L RATIO

1000

800

600

400

37%

30%

30%

18%

200

15%

13%

10%

5%

4%

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

69 21 30%

27 8 30%

104 16 15%

218 80 37%

554 98 18%

980 129 13%

400 40 10%

305 16 5%

460 20 4%

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