the rennie review | September 2023

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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