the rennie review - October 2022

fraservaley board area TOWNHOME-SEPTEMBER 202

SALES TO LISTINGSRATIO 21% SELLERS'M ARKET

▶ MARKETSUMMARY Therewere1,115 townhom elistingsin theFraserValey board areain Septem ber,3% below Augustand 117% higherthan Septem ber2021. Septem bertownhom esalesdecreased by16% m onth-over-m onth,to 236,and were47% below Septem ber2021. Thesales-to-listing ratio fortow nhom esin theFraser Valey board area,at21% ,reflected aselers'm arket. Thetownhom em edian pricein Septem berwas $780,000,a1.3% decreasefrom Augustand 2.0% above Septem ber2021. Theaveragesold pricewas$798,356,1.1% below last m onth;theaveragePSF salepricewas$500,down 2% to lastm onth.

AVERAGEPRICE

AVERAGE PSF PRICE ▲ 1.9% VS 2021

MEDIAN PRICE

TOTALLISTINGS

SALES

▲ 3% VS 2021

▲ 2.0% VS 2021

▲ 117% VS 2021

▼ 47% VS 2021

THISMONTH No.

PREVIOUSYEAR

PREVIOUSMONTH

No. 87% 447 514

% Change

No.

% Change

TOTALLISTINGS TOTALSALES

21% 236 1,115

1.9% 3% 2% -76% -47% 117%

24% 281 1,155

-2% -1.1% -1.3% -13% -16% -3%

SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF

$500 $798,356 $780,000

$512 $807,257 $790,000

$491 $777,517 $765,000

▶ AVG PRICEPERSQUAREFOOT

▶ RECENTTRENDS

● SEP 2021 ● SEP 202

● SALES ● TOTALINVENTORY ● MEDIAN PRICE

1,246

1,327

1,304

1,15

1,155

924

1,082

628

622

508

438

514

416

362

320

447

445

281

409

391

376

360

236

290

234

200

$970K $949K $913K

$870K $930K

$870K $855K $843K

$790K $780K

$765K $786K $824K

FVREB

REBGV

▶ NUMBEROFBEDROOMS

▶ TOTALLISTINGS&SALESBYPRICERANGE

SEL ERS'MARKET 21% +

BALANCED 12 - 20%

BUYERS'MARKET <12%

● SALES ● TOTALINVENTORY

● SALES ● TOTALINVENTORY ● S-L RATIO

500

55

4+ bdrms

400

271

300

130

3 bdrms

596

200

29% 29%

50

2 bdrms

100

18%

242

13%

13% 11%

0

6 1

<$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

23 3 13%

80 23 29%

351 102 29%

457 84 18%

151 19 13%

44 5 11%

8 0 n/a

1 0 n/a

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