fraservaley board area CONDO -AUGUST 2023
SALES TO LISTINGSRATIO 31% SELLERS'M ARKET
▶ MARKETSUMMARY Therewere1,342 condolistingsin theFraserValey board areain August,4% aboveJulyand 9% higherthan August2022. Augustcondosalesdecreased by10% m onth-over-m onth,to414,and were36% aboveAugust 2022. Thesales-to-listing ratio forcondosin the FraserValey board area,at31% ,reflected aselers'm arket. Thecondom edian pricein Augustwas$540,000,a0.4% increasefrom Julyand 5% aboveAugust2022. Theaveragesold pricewas$557,198,0.4% below last m onth;theaveragePSF salepricewas$678,up 1.4% to lastm onth.
AVERAGEPRICE
AVERAGE PSF PRICE ▲ 6% VS 2022
MEDIAN PRICE
TOTALLISTINGS
SALES
▲ 3% VS 2022
▲ 5% VS 2022
▲ 9% VS 2022
▲ 36% VS 2022
THISMONTH No.
PREVIOUSMONTH
PREVIOUSYEAR
No.
% Change
No.
% Change
TOTALLISTINGS TOTALSALES
31% 414 1,342
25% 305 1,236
25% 36% 9%
36% 460 1,287
1.4% -0.4% 0.4% -14% -10% 4%
SALES-LISTINGSRATIO MEDIAN SOLD PRICE AVERAGESOLD PRICE AVERAGEPRICEPSF
$678 $557,198 $540,000
$668 $559,509 $537,750
$641 $539,217 $514,900
6% 3% 5%
▶ AVG PRICEPERSQUAREFOOT
▶ RECENTTRENDS
● AUG 202 ● AUG 2023
● SALES ● TOTALINVENTORY ● MEDIAN PRICE
1,272
1,342
1,237
1,190
1,236
1,306
1,303
1,287
1,073
1,060
1,062
1,017
975
569
491
517
414
487
460
273
305
285
279
277
217
198
$515K $500K $505K $490K $485K $497K $499K
$510K $510K $535K $528K $538K $540K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SEL ERS'MARKET 21% +
BALANCED 12 - 20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-L RATIO
700
4+ bdrms
600
3
500
23
400
3 bdrms
91
300
43%
33%
30%
200
258
24%
2 bdrms
18%
791
100
10%
0
133
<$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
107 46 43%
680 224 33%
411 122 30%
88 16 18%
21 5 24%
13 0 n/a
10 1 10%
12 0 n/a
457
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