fraservaleyboardarea TOWNHOME-FEBRUARY 202
SALESTO LISTINGSRATIO 72% SELLERS'MARKET
▶ MARKETSUMMARY Therewere627townhomelistingsintheFraserValey boardareainFebruary,96%aboveJanuaryand18% higherthanFebruary2021. Februarytownhomesalesincreasedby54% month-over-month,to449,andwere43%below February2021. Thesales-to-listingratiofortownhomesintheFraser Valeyboardarea,at72%,reflectedaselers'market. ThetownhomemedianpriceinFebruarywas$970,000,a 4%increasefromJanuaryand47%aboveFebruary2021. Theaveragesoldpricewas$988,714,6%abovelast month;theaveragePSFsalepricewas$638,up5%to lastmonth.
AVERAGEPRICE
AVERAGE PSFPRICE ▲ 48% VS2021
MEDIANPRICE
TOTALLISTINGS
SALES
▲ 47% VS2021
▲ 47% VS2021
▲ 18% VS2021
▼ 43% VS2021
THISMONTH No.
PREVIOUSYEAR
PREVIOUSMONTH
No. 786 531
%Change
No. 91% 291 320
%Change
TOTALLISTINGS TOTALSALES
72% 449 627
48% 47% 47% -52% -43% 18%
5% 6% 4% -21% 54% 96%
SALES-LISTINGSRATIO MEDIANSOLDPRICE AVERAGESOLDPRICE AVERAGEPRICEPSF
$431 $671,839 $659,900 148%
$638 $988,714 $970,000
$605 $928,880 $930,000
▶ AVGPRICEPERSQUAREFOOT
▶ RECENTTRENDS
● FEB 2021 ● FEB 202
● SALES ● TOTALINVENTORY ● MEDIANPRICE
787
775
872
846
786
710
759
627
706
552
641
514
509
567
449
438
531
416
512
479
447
320
409
376
291
200
$970K
$930K
$870K
$824K
$786K
$765K
$735K
$728K
$725K
$729K
$720K
$705K
$660K
FVREB
REBGV
▶ NUMBEROFBEDROOMS
▶ TOTALLISTINGS&SALESBYPRICERANGE
SELERS'MARKET 21%+
BALANCED 12-20%
BUYERS'MARKET <12%
● SALES ● TOTALINVENTORY
● SALES ● TOTALINVENTORY ● S-LRATIO
300
105
100%+ 100%+ 100%
4+bdrms
177
250
75%
200
225
60%
3bdrms
52%
327
150
33%
100
121 116
2bdrms
50
0
2 3
<$400K $400-599K $600-799K $800-999K $1.0M-1.24M $1.25M-1.49M $1.5M-1.99M $2M+
<2bdrms
S-LRATIO SALES INVENTORY
8 6 75%
27 14 52%
147 48 33%
305 182 60%
97 143 147%
37 50 135%
6 6 100%
Copyright©March7,202reniegroupofcompanies.Alrightsreserved.Thismaterialmaynotbereproducedordistributed,inwholeorinpart,withoutthepriorwritenpermisionoftherenniegroupofcompanies.CurentasofMarch7,202.AldatafromRealEstateBoardofGreaterVancouver andFraserValey&Rennie.Whiletheinformationanddatacontainedhereinhasbenobtainedfromsourcesdemedreliable,acuracycannotbeguaranted.reniegroupofcompaniesdoesnotasumeresponsibilityorliabilityforanyinacuracies.Therecipientoftheinformationshouldtakesteps astherecipientmaydemnecesarytoverifytheinformationpriortoplacinganyrelianceupontheinformation.Theinformationcontainedwithinthisreportshouldnotbeusedasanopinionofvalue,suchopinionsshouldandcanbeobtainedfromarennieandasociatesadvisor.Alinformationis subjecttochangeandanypropertymaybewithdrawnfromthemarketatanytimewithoutnoticeorobligationtotherecipientfromreniegroupofcompanies.E.&O.E. 12 ●
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