fraservaley board area TOWNHOME-AUGUST 2023
SALES TO LISTINGSRATIO 37% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere860 townhom elistingsin theFraserValey board areain August,0.9% aboveJulyand 26% lower than August2022. Augusttownhom esalesdecreased by15% m onth-over-m onth,to319,and were13% aboveAugust 2022. Thesales-to-listing ratio fortow nhom esin theFraser Valey board area,at37% ,reflected aselers'm arket. Thetownhom em edian pricein Augustwas$825,000,a 3% decreasefrom Julyand 4% aboveAugust2022. Theaveragesold pricewas$835,546,1.3% below last m onth;theaveragePSF salepricewas$537,down 0.1% tolastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 5% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 3% VS 2022
▲ 4% VS 2022
▼ 26% VS 2022
▲ 13% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No. 44% 376 852
% Change
TOTALLISTINGS TOTALSALES
37% 319 860
24% 283 1,156
52% 13% -26%
-0.1% -1.3% -3% -16% -15% 0.9%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$537 $835,546 $825,000
$537 $846,717 $848,944
$512 $809,980 $790,000
5% 3% 4%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 202 ● AUG 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,156
1,17
945
1,001
852
797
860
684
810
751
684
679
661 389
477
445
319
245
388
376
283
242
235
189
169
154
$839K $850K $851K $849K $825K
$790K $780K $770K $798K $745K $745K
$770K $808K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
400
71
4+ bdrms
251
300
159
3 bdrms
53%
422
200
45%
42%
36%
27%
26%
88
2 bdrms
100
18%
183
0
4 1
<2 bdrms
<$400K $400-599K $600-799K $800-999K $1.0M -1.24M $1.25M -1.49M $1.5M -1.99M $2M +
S-L RATIO SALES INVENTORY
12 5 42%
43 23 53%
249 113 45%
383 136 36%
121 32 26%
40 7 18%
11 3 27%
1 0 n/a
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