fraservaleyboardarea DETACHED-FEBRUARY 202
SALESTO LISTINGSRATIO 42% SELLERS'MARKET
▶ MARKETSUMMARY Therewere1,788detachedlistingsintheFraserValey boardareainFebruary,70%aboveJanuaryand12% higherthanFebruary2021. Februarydetachedhomesalesincreasedby43% month-over-month,to748,andwere37%below February2021. Thesales-to-listingratiofordetachedintheFraserValey boardarea,at42%,reflectedaselers'market. ThedetachedmedianpriceinFebruarywas$1,778,500, a1.6%increasefromJanuaryand38%aboveFebruary 2021. Theaveragesoldpricewas$1,926,943,0.7%abovelast monthandup36%toFebruary2021.
AVERAGEPRICE
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 36% VS2021
▲ 38% VS2021
▲ 12% VS2021
▼ 37% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No.
%Change
No.
%Change
TOTALLISTINGS TOTALSALES
42% 748 1,788
1,184 1,597
36% 38% -44% -37% 12%
50% 524 1,054
0.7% 1.6% -16% 43% 70%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE
$1,421,060 $1,284,500 74%
$1,913,887 $1,750,000
$1,926,943 $1,778,500
▶ RATIOOFMEDIANPRICES
▶ RECENTTRENDS
● DETACHED-TO-TOWNHOME ● TOWNHOME-TO-CONDO
● SALES ● TOTALINVENTORY ● MEDIANPRICE
2,944
2,584
2,828
2,304
1.95
1.88
1.83
2,185
1,788
1,741
1.70
1.65
1,530
1,843
1,321
1.53
1,306
1,597 1,184
1,514
1,382
909
841
807
1,054
959
748
850
777
744
696
524
$1.78M
$1.75M
$1.58M
$1.56M
$1.45M
$1.41M
$1.36M
$1.33M $1.28M
$1.34M
$1.33M
$1.31M
$1.29M
Feb-21
Jan-22
Feb-22
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY ● S-LRATIO
600
100%+
500
400
63%
300
49%
35%
200
34%
32%
31%
16%
16%
100
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-LRATIO SALES INVENTORY
50 16 32%
3 4 133%
31 5 16%
94 29 31%
301 101 34%
564 358 63%
252 124 49%
170 59 35%
323 52 16%
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardof GreaterVancouverandFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.renniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipient oftheinformationshouldtakestepsastherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtained fromarenieandasociatesadvisor.Alinformationissubjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromrenniegroupofcompanies.E.&O.E.
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