fraservaley board area DETACHED -AUGUST 2023
SALES TO LISTINGSRATIO 15% BALANCEDMARKET
▶ MARKETSUMMARY Therew ere 3,023 detached listingsin the FraserValey board areain August,3% aboveJulyand 8% higherthan August2022. Augustdetached hom esalesrem ained thesam e m onth-over-m onth,at450,and were24% aboveAugust 2022. Thesales-to-listing ratio fordetached in the FraserValey board area,at15% ,reflected abalanced m arket.
AVERAGEPRICE
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 3% VS 2022
▲ 8% VS 2022
▲ 8% VS 2022
▲ 24% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
15% 450 3,023
13% 363 2,810
15% 24% 8%
15% 450 2,946
0% 3%
Thedetachedm edian pricein Augustwas$1,442,500,a 1.0% decreasefrom Julyand 8% aboveAugust2022.
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE
-5% -1% -3%
Theaveragesold pricewas$1,511,131,5% below last m onth and up 3% toAugust2022.
$1,588,941 $1,456,500
$1,511,131 $1,442,500
$1,469,836 $1,340,000
3% 8%
▶ RATIO OFMEDIAN PRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
3,023
2,794
2,699
2,810
2,946
2,533
2,344
1.75
2,541
1.72
1.70
1,939
1.58
1.53
1.53
1,998
1,858
1,848
1,752
772
590
327
313
659
258
450
213
590
363
450
325
323
$1.50M $1.50M $1.46M $1.44M
$1.35M $1.43M
$1.34M $1.32M $1.32M
$1.24M $1.28M $1.28M $1.31M
22-Aug
23-Jul 23-Aug
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-L RATIO
1000
800
600
51%
400
31%
26%
19%
200
17%
14%
11%
6%
3%
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
67 34 51%
31 6 19%
124 32 26%
251 78 31%
551 96 17%
930 133 14%
382 42 11%
255 15 6%
432 14 3%
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